Furniture, similar exports sofa so good with 15% rise

Hong Vanak, director of International Economics at the Royal Academy of Cambodia, said exports of Chapter 94 items had historically been low, but now provide a significant revenue stream for the economy.

The raw materials for the production of these goods are mostly plants, wood, rubber latex and other natural resources which could be locally sourced, he commented.

“I am not sure where the raw materials are coming from, but I just want to emphasise that if more local materials can be used, not only would that create jobs for locals, but considerably trim costs associated with imports,” he said, adding a disclaimer that the exploitation of natural resources must comply with the law.

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