| Project Detail |
EU-German Global Access and Trade Expertise (EU-German GATE) Cambodias booming trade industry, particularly the export-driven garment, footwear and travel goods (GFT) industries, has been crucial to the countrys impressive economic and social progress. However, concerns arise as the country prepares to graduate from least developed country (LDC) status, expected by 2029, which involves maintaining preferential trade regimes and diversifying export markets. To meet changing demands, Cambodian exporters are shifting towards more climate-friendly and inclusive practices, aligning with government efforts to boost competitiveness through digital transformation and customs reforms. Digitalisation and risk management are crucial for improving customs efficiency and expanding market access for businesses. While the GFT industry has had significant impacts, challenges like labour issues persist. Addressing these will be important as the trade industry evolves. Additionally, Cambodias women entrepreneurs represent untapped potential. Overcoming barriers like limited access to finance and skills development can unlock this dynamic segments full business potential. Objective Cambodia’s export industry is becoming more inclusive and climate sensitive, thus better aligning with international standards, including those of the European Union (EU) and regional markets. |
