Garment buyers still keen on Cambodia

Some good economy related news, for a change.

“Twenty-eight representatives from leading garment brands came to Cambodia last week for the two-day meeting of the International Buyers’ Forum organized by the International Labor Organization (ILO) and the International Finance Corporation (IFC)” and stated “they are recommending that their companies continue sourcing from Cambodia,” said the release.

Forum participants remain very optimistic about Cambodia’s garment industry, Tuomo Poutiainen, Chief Technical Advisor of ILO’s Better Factories Cambodia program, was quoted as saying.

Sixty percent of Cambodian-made garments are bought by forum members. So their vote of confidence offers some reassurance that buyers are not planning on abandoning Cambodia for cheaper manufacturers elsewhere.