LDC graduation could slow Cambodia’s GDP growth by up to 1.5%: UNDP
Cambodia’s graduation from the least developed country status could slow its GDP growth by up to 1.5 per cent, with a potential loss of 165,000 jobs, Alissar Chaker, resident representative of UNDP in the country said. Women working in the garments sector will be the worst hit. The loss of trade flexibilities and preferential tariffs will particularly affect key exports like garments, she said.
Cambodia’s graduation from the least developed country status could slow its GDP growth by up to 1.5 per cent, with a potential loss of 165,000 jobs, Alissar Chaker, resident representative of UNDP in the country said.
Women working in the garments sector will be the worst hit.
The loss of trade flexibilities and preferential tariffs will particularly affect key exports like garments, she said.
