Garment products accounted for more than 80 percent of the country's total exports.
Cambodia's foreign trade up 15% amid ongoing political row
PHNOM PENH, April 22 (Xinhua) -- Cambodia's trade volume
with foreign countries has increased by 15 percent in the first quarter
of 2014 even though the internal conflict between the ruling and
opposition parties over July election results remains unsolved.
Of the amount, the country had exported products in equivalent to
1.99 billion U.S. dollars, up 19 percent year-on-year, while it had
imported goods in a total amount of 2.47 billion U.S. dollars, up 12
percent year-on-year, the figures said.
The country's main trading partners are European countries, the
United States, China, South Korea, Japan, Thailand, Vietnam, Singapore
and Malaysia.
Garment products accounted for more than 80 percent of the country's total exports.
Commerce Ministry spokesman Ken Ratha said the growth in trade
volume, amid continued political row, was thanks to good relations and
cooperation between Cambodia and other countries.
"In general, business and investment climate is good even though
the post-election conflict remains unsolved," he said. " The country has
maintained good political stability and sound macro-economy, and
investors still have strong confidence in the current government led by
Prime Minister Hun Sen."
Political spat between the Prime Minister Hun Sen's ruling party
and the Sam Rainsy's opposition party has simmered since the election
results in July last year gave victory to Hun Sen's party.
Claiming serious ballot-rigging, the opposition has boycotted
parliament since the first session in September to demand an early
election.
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