CAMBODIA’S CLOTHING AND FOOTWEAR SECTORS STRUGGLE WITH DOUBLE HIT OF COVID-19 AND LOSS OF EU DUTY-FREE STATUS
October 2nd, 2020
AMIDST the partial withdrawal of Cambodia’s tariff-free access to the European market that came into effect in August, the Covid-19 pandemic could not have come at a worse time for the country’s garment sector. Its clothing sales to the European Union (EU) – including the UK - alone plummeted 31% or USD403 million within the first six months (January-June) this year compared with the same period in 2019.
This apparel export slump “is by far the biggest drop in all goods exported by Cambodia in monetary terms” although “how much of that is due to ...
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