Textile

Respite for Cambodia as US orders increase

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PHNOM PENH – The Asian Development Bank has revised its economic projection for Cambodia, as it predicts that an increase in orders from US customers might offset the damage done by its partial suspension from the Everything But Arms (EBA) initiative.

The Bank’s revised estimation reflects that domestic product orders – of which garments, footwear and travel goods are most popular – will contract by four per cent this year, not 5.4 per cent like it’d previously thought.

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