Exports up despite EU crisis

While sovereign debt crises in Europe and a lagging US economy have yet to curtail cheap Cambodian exports, industry watchers said domestic producers should diversify their target markets to avoid a future slow down. Exports saw a more than 40 per cent increase year-on-year between January and September, hitting about US$3.6 billion, according to Ministry of Commerce statistics. Shipments of garments and textiles to the European Union increased by more than 75 per cent during the first nine months of the year compared to last year, according to the ministry. Garment exports to the US increased by about 30 per cent…

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