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Cambodia’s garment exports on the rise, says ILO

According to the latest figures released by the International Labor Organization (ILO), Cambodia’s garment industry continued to perform brilliantly through the first half of 2015. The industry successfully dispelled fears that the recent minimum wage increase would cripple one of the country’s main economic engines.

Drawing on data from the Ministry of Commerce, garment exports over the first half of the year hit $3 billion, growing 12.7 percent over the same period in 2014, as per the latest industry bulletin. That’s even better than the 10.2 percent year-on-year growth the industry saw in the first half of last year. This was despite an unusually high 28 percent hike in the minimum wage for garment workers that took effect in January 2015.

Maurizio Bussi, Country Director, ILO said that there were fears in the past that minimum wage rises would cause the industry to falter. However, according to data, the sector continued to perform quite well—Cambodia’s market share of garment and footwear exports has continued to rise in recent years, he said. Although he mentioned that this positive experience from the past minimum wage increases does not ensure that future hikes will necessarily be as good for the industry.

 
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