Exports to US rebound in 1Q17

According to figures from the Office of the US Trade Representative, total exports from Cambodia surpassed $719mn in 1Q17, compared with over $706mn in 1Q16—an increase of 1.86% YoY. While the rise represents the lowest growth in exports for several years, it is a rebound the decline of around 7% last year. In early April, US President Donald Trump issued an executive order to crackdown on trade imbalances between the states and 16 other countries, including Thailand, Vietnam, Malaysia, and Indonesia. Cambodia was not on the list. Kaing Monika, deputy secretary-general for the Garment Manufacturers Association in Cambodia, said the trade order had not affected the Kingdom’s exports to the US. (Source: Khmer Times)