Cambodia launches new footwear association
Image © iStockphoto.com | MarkRubens
The establishment of the Cambodia Footwear Association (CFA) has raised hopes for increased investment into the country’s shoemaking industry. During the organisation’s official launch, chairman Ly Khunthay said: “Looking at the tremendous growth of the footwear industry in Cambodia over the past few years, there had been a push for the establishment of an association to come together as one voice to support and promote the footwear industry.
“We will focus on the important tasks of improving market flow by maintaining a favourable trade environment and mobilising investors from all over the world to come and invest in the Cambodian market through trade deals and partnership dialogues,” he added.
The CFA has joined the Confederation of International Footwear Associations and invited delegations of footwear producers from a number of countries, including China, Hong Kong, India, Japan and Taiwan to attend its inauguration ceremony.
According to the CFA, there are currently around 130,000 workers employed in 83 footwear operations and 70 material suppliers in Cambodia. Investment in the country’s footwear industry comes from China, Japan, Malaysia, South Korea and Taiwan, with its main markets being Australia, Canada, Europe, Japan and the USA, as well as other ASEAN nations.
This article was originally published on page 2 of the October 2019 issue of SATRA Bulletin.