Rising minimum wage puts pressure on Cambodia’s garment export industry


Garment workers in Cambodia will see their wages increase 11% this year, but this will put further financial pressure on the country’s export sector.

Cambodia’s minimum wage, which has grown 150% in five years, will rise from US$153 to $170 a month, and include the 700,000 workers in the garment industry.

Garments and footwear make up 78% of the country’s exports, according to the General Department of Customs and Excise, rising 7.2% in 2016 to $7.3bn. Most exports are destined for Europe and the US, which respectively account for 45% and 25% of the market.

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Rising minimum wage puts pressure on Cambodia’s garment export industry

 

 

Source: The Loadstar, January 8, 2018

Author: Sam Whelan

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