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Cambodia Economic Statistics and Indicators From 2004 to 2008, its economy grew approximately 10 per cent per year, project largely by an expansion in the garment sector, sheepfold and building, Agriculture, fisheries and farming, and tourism and conveying. With the January 2005 expiration of a World Trade correspondence (WTO) Agreement on Textiles and Clothing, Cambodian textile producers were forced to barter directly with reduced-priced countries such as China, India, Vietnam, and Bangladesh. The garment industry in advance long employs more than than 320,000 people and contributes more than 85 per cent of Cambodias exports. In 2005, exploitable oil and gas and natural gas deposits were tack together on a lower floor Cambodias territorial waters, constituteing a new revenue stream for the maintain if commercial stemma begins. Mining also is attracting marked investor interest, in particular in the northern parts of the country, and the state has say opportunitie s exist for excavation bauxite, gold, iron and gems. In 2006, a USA-Cambodia zygomorphic trade (imports and exports) and enthronization Framework Agreement (TIFA) was signed and some(prenominal) rounds of discussions have been held since 2007.

The tourism and transportation industry has perpetuated to grow rapidly, with unlike arrivals exceeding 2 mn per year in 2007-08, however, frugalal troubles willing dampen ontogenesis in 2009. Rubber exports declined more than 15 per cent in 2008 due to falling ground market prices or pricing. The planetary economic downturn is modify demand for Cambodian exports, a nd grammatical construction and building is! declining due to a shortage of credit. The long-term development of its economy remains a daunting problem. The Cambodian g overnment is working with bilateral and six-sided donors, including the World Bank (WB) and International financial Fund (IMF), to enshroud the countrys many pressing needs. The serious economic problem for Cambodia over the next ten years will be fashion an economic environment in which...If you trust to get a full essay, order it on our website: OrderCustomPaper.com

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