Canada is going to spend US$91 million to buy clothes manufactured in Cambodia for 2019-2020, thanks to the company's confidence in the Kingdom's garment industry and trading.
As said in a news release of the Ministry of Commerce (MoC), the update was shared by Mr. Gary Ross, Chief of Sourcing Officer at Reitmans (Canada) Limited, while paying a courtesy call on H.E. Ok Boung, Acting Minister of Commerce, at the ministry office on July 17.
Mr. Gary Ross spoke highly of on-going comprehensive reforms of the Royal Government of Cambodia as well as the commerce ministry, leading to intimate cooperation with and increasing purchase order from Reitman.
For his part, H.E. Ok Boung thanked Mr. Gary Ross for his confidence in Cambodia's leadership and expressed his appreciation of good bilateral trade relation between Cambodia and Canada, including the planned development of Canada-ASEAN Free Trade Agreement.
The acting minister also informed his guest about economic progress and growth in export of Cambodia over the last two decades which rose from US$1 billion in 2001 to US$13 billion in 2018.
H.E. Ok Boung reaffirmed Cambodian government's continued support to project of Better Factories Cambodia (BFC) of International Labour Organisation (ILO) to promote working conditions in textile and garment industry.
In 2016 alone, Reitmans (Canada) Limited ordered Cambodia's clothes from 14 factories worth US$66 million.
Source: Agency Kampuchea Press