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France to invest in Cambodia’s garment sector

French investors are interested in Cambodia’s garment, textile, tourism and agriculture sectors. Such investment is expected to help Cambodia’s exports to the EU grow more and more, especially in the purchase of garments, textiles and agricultural products. The European Union’s ‘Everything but Arms’ policy allows Cambodia to export all kinds of goods to the EU without paying any tariffs or taxes. Cambodia is having a rapid economic growth rate. The country has a substantial labor force, abundant natural resources and a favorable location for ensuring long-term investment.

The country has over the years maintained an average GDP growth rate of about seven per cent and is constantly striving to create a better business environment for investors. France has helped Cambodia in a number of sectors, including education, health, and clean water. While the bulk of France’s imports from Cambodia are those of garments, France is the biggest market in Europe for Cambodian rice.

Whenever a French artist, a painter or a photographer, shows their work in Cambodia, they also hold master class to train young promising artists. France holds street art festivals in Cambodia too. These events allow for French and Cambodian artists to exchange and create things.

 
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