Even if garment factories are wholly Chinese-owned and utilise components created in China, they will benefit from calm tax regimes and quotas when exporting to Europe and America, offered items are assembled in Cambodia. Having said that, in August 2020, the EU partly withdrew Cambodia’s EBA privileges because of human legal rights issues. This withdrawal impacts 20% of exports into the EU, mostly clothes—which happens to be An important emphasis for organizations operating within the SSEZ.
Cambodia started to combine SEZs into its very long-time period development system way back to 1998. This was expanded in subsequent Rectangular System files, the five-calendar year designs that established out The federal government improvement agenda. SEZs have persistently acquired significant-amount help as Component of a travel to catch the attention of overseas investment, increase efficiency, crank out work, and bolster the export-oriented overall economy.
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