Phnom Penh (FN), Feb. 17 – The Council for the Development of Cambodia (CDC) has granted licenses to four new investment on garment and footwear factories with a total investment of nearly USD 12 million amidst EU’s partial withdrawal of preferential tariff EBA.
According to CDC’s Facebook page on Monday, the four new projects include: XIN LIAN XIN ELASTIC & STRING (CAMBODIA) CO., LTD., a project to build a factory for clothing, footwear, and bags, located in Phnom Penh, has an investment capital of approximately USD 2 million and can create 227 jobs.
HUAKUAN (CAMBODIA) GARMENTS CO., LTD, a project to build a garment factory in Phnom Penh, has an investment capital of about USD 2.3 million and can generate 163 jobs.
J.D. LEATHER GOODS (CAMBODIA) CO., LTD, a project to build a factory for leather goods, located in Takeo Province, has an investment capital of about USD 3.8 million and created 1,288 jobs.
GIVEN CLOTHING GARMENT (CAMBODIA) CO., LTD, a project to build clothing garment factory, located in Kampong Speu province, has a capital investment of approximately USD 3.5 million and can generate 1,021 jobs.
It is worth noting that on 12 February 2020, the European Commission issued a decision to partially suspend the EBA preferences from Cambodia for certain products in the garment, footwear, traveling products, and cane sugar.w