By Catherine James
The Phnom Penh Post
Poor practices hurt Kingdom's competitiveness, experts say
CAMBODIA risks falling behind its regional partners in trade if it does not adapt to the highly-competitive world of global commerce, officials said Wednesday at the close of a two-day trade-facilitation workshop, where the UN’s Economic and Social Commission for Asia and the Pacific (ESCAP) pledged to help identify cost and time bottlenecks that could mean the difference between commercial success or lost contracts.
While acknowledging the garment industry’s importance as a source of exports, Bangkok-based ESCAP Trade Facilitation Chief Shamika Sirimanne singled out the Kingdom’s agriculture sector as being “key to trade”, but an example of how exposed Cambodia is to barriers to commerce.
“Seventy-five percent of Cambodians are farmers and that’s largely where the poor also are,” Sirimanne said.
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