Cambodia International Machinery Industry Fair (CIMIF) is on from August 22 to 25, 2019. The trade fair is dedicated to the textile and garment industry, featuring all the crucial aspects of the industry, such as textile machinery and accessories, apparel machinery and accessories, fibers, filaments, yarn, and fabrics. Exhibitors from 15 countries are displaying a broad range of innovative products and versatile solutions. This covers plastic, packaging, printing, agriculture, auto part and accessories, machine tools, hardware and tools, energy and electricity engineering, and lighting.
The main purpose of the event is to boost industrial development and attract foreign investors to Cambodia. Particularly, it seeks to create opportunities for manufacturers to improve their machinery through new business partnerships. Entrepreneurs can learn about the latest technology and machinery and grow and expand.
The country’s economic growth for the year is placed at seven per cent, backed by a strong performance of the garment, tourism and construction sectors. From a macroeconomic perspective, the country is strong, with garments being one of the main contributors to national growth. The EU is Cambodia’s top export destination, accounting for 40 per cent of all its exports. These have risen sharply in recent years, increasing by 227 per cent between 2011 and 2016.