Cambodia will be the venue next month of one of the biggest and most important gatherings of stakeholders in the garment sector in Southeast Asia.
The event comes after the Kingdom hosted the 8th Cambodia International Textile & Garment Industry Exhibition last month, which also drew foreign attendees and exhibitors.
Bruce Zhang, a member of the organizing committee, said there is much to learn and gain from the event. The event is being organized by SZ&W Group, a leading event organizer in Asia.
“The summit aims to provide the opportunity for industry chain stakeholders to win textile and apparel business and ensure growth in the SEA region. It will seek the latest opportunities and trends as well as good practice sharing to accelerate the growth and development of the industry,” he said.
The organizers have invited industry leaders and experts from all over the world to speak at the event, including representatives of the International Apparel Federation, US-ASEAN Business Council, Cambodia’s Ministry of Commerce, Vietnam Textile and Apparel Associations, Garment Manufacturers Association of Cambodia, Myanmar Garment Manufacturers Association, China Textile Information Center, and the Textile Association of India.
The event website says the major topics that will be discussed are: The influence of the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on the region’s textile and apparel industry; apparel procurement; different trends in the region’s labour markets; and the latest government policy on investment in the industry.
Ten to 50 exhibitors are also expected to display their products and services at the event.
Southeast Asia is among the leaders and plays an important role in the global textile and apparel industry. The region is said to have a strong comparative advantage for manufacturers, including market access, low labour costs, investment incentives, and existing industrial basis.
In the region, Vietnam, Cambodia, and Myanmar have the fastest-growing textile and apparel industry.
In Cambodia, the textile and apparel industry is among the most important sectors of economic activity. The industry accounts for more than 40 percent of the country’s gross domestic product (GDP) and it employs more than 800,000 people.