November 16th, 2009 
Cambodia Economy The global economic recession is still plaguing Cambodia’s garment industries, which is the nation’s main revenues and created jobs for Cambodian people from different provinces. During the last 9 months from January to September 2009, garment export decreased 21.66 percent, compared with the same period of 2008.
The Ministry of Commerce released data; it shows that the nine months of 2009, garment exported to the US and EU dropped by 28.7 percent and 7.46 percent respectively in the earlier 9 months of 2009.
The total garment exports for the period are valued at US$1.97 billion.
Decline in garment export is because of the world economic recession pushing for low demand for garments from USA and EU, where are the main international market for Cambodia’s textile conductivities.
30,000 workers lost their jobs and 77 garment factories closed in the first three quarters of 2009. In addition, 53 factories suspended their operations in this period.
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