Logo of Phnom Penh Post newspaper Phnom Penh Post - Women in business look to fruit of FTAs

Women in business look to fruit of FTAs

Content image - Phnom Penh Post
Goods made by local women-owned businesses have historically targeted relatively narrow segments of domestic consumers. Heng Chivoan

Women in business look to fruit of FTAs

A series of bilateral, multilateral and regional free trade agreements (FTA) are set to open new horizons for the Kingdom’s enterprising ladies, but their capacities could be limited by a range of barriers, such as funding, knowledge, and market constraints, according to Cambodia Women Entrepreneurs Association (CWEA) president Keo Mom.

Mom, who is also the CEO of Ly Ly Food Industry Co Ltd, one of the Kingdom’s largest food processing factories, made the remark on December 20 during a meeting with senior Ministry of Commerce officials.

She told The Post that she raised many of the issues aired by CWEA members for the ministry to tackle, the most pressing of which she said concern market access, financing options and digital skills training.

“Our local producers churn out a lot, but sales are not widespread. We need the Ministry of Commerce to help with promotion and finding markets. Otherwise, if costs get too high and goods drop in marketability, it’ll make it more difficult for women entrepreneurs to compete,” she said.

Wares made by local women-owned businesses have historically targeted relatively narrow segments of domestic consumers, she said, voicing confidence that the ministry would continue to raise up women entrepreneurs, and help them find markets, provide digital skills training and facilitate access to diversified sources of financing.

Commerce ministry secretary of state Tek Reth Kamrong said the ministry has developed a raft of new laws and regulations to prop up micro-, small- and medium-sized enterprises (MSME), which it sees as a driving force for Cambodia’s economic growth.

Cambodia has also entered into a number of bilateral, multilateral and regional FTAs to improve market access, she pointed out.

She added that the ministry has been scaling up training and capacity building for stakeholders, especially women in business, and is working to encourage e-commerce.

Meanwhile, the CWEA president hinted that plans were on the cards for a market to showcase locally-made goods and help them reach a wider audience, especially those crafted by women-owned businesses.

However, the location and budget for the project are currently under study, Mom said.

MOST VIEWED

  • Hun Sen: Stop Russia sanctions

    Prime Minister Hun Sen said sanctions against Russia as a result of its military offensive in Ukraine should be stopped as they have produced no tangible results, and predicted that a global food crisis would ensue in 2023 as a consequence. Speaking to an audience at

  • Chinese tourists 2.0 – Coming anytime soon?

    Regional tourism is grappling with the absence of the prolific travellers and big spenders – the Chinese tourists. Cambodia, which has welcomed over two million Chinese tourists before Covid-19, is reeling from the economic loss despite being the first to fully open last November ‘To put

  • PM reflects on shoe throwing: Free speech or act of violence?

    Prime Minister Hun Sen on May 17 questioned whether a man who threw a shoe at him while he was in the US was exercising freedom of expression or if it was an act of hostility. Hun Sen was referring to an incident last week when

  • Siem Reap’s Angkor Botanical Garden opens

    The Angkor Botanical Garden was officially opened on May 19 with free entry for both local and international visitors for the first six weeks. The garden was established on a nearly 15ha plot of land in Siem Reap. “After the first six weeks, Angkor Botanical Garden

  • Pub Street on the cards for Battambang

    The Battambang Provincial Authority has announced that it is considering establishing a Pub Street in the area around the heritage buildings in Battambang town in a bid to attract more tourists. Battambang provincial governor Sok Lou told The Post that the establishment of a Pub

  • Hun Sen: Don’t react to hostility

    Prime Minister Hun Sen urged tolerance and thanked members of the Cambodian diaspora for not reacting to the hostility on display towards him by others while he was in the US to attend the May 12-13 ASEAN-US Special Summit in Washington, DC. In an audio