Government will drop export fee starting next year
- CEOCambodiaNews
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Government will drop export fee starting next year
Wed, 8 November 2017
The Cambodian government will eliminate its export management fee in 2018, incurring an annual loss of $20 million in revenue, in order to stimulate the economy and reduce the cost of doing business in the Kingdom, according to the draft of the 2018 national budget.
The elimination of the fee is expected to encourage investors to enter the market and create job opportunities in Cambodia. It is also meant to lessen the economic burden on garment and footwear industries in the Kingdom, which will be required to pay their workers an increased wage of $170 per month at the beginning of next year.
http://www.phnompenhpost.com/business/g ... -next-year
The Cambodian government will eliminate its export management fee in 2018, incurring an annual loss of $20 million in revenue, in order to stimulate the economy and reduce the cost of doing business in the Kingdom, according to the draft of the 2018 national budget.
The elimination of the fee is expected to encourage investors to enter the market and create job opportunities in Cambodia. It is also meant to lessen the economic burden on garment and footwear industries in the Kingdom, which will be required to pay their workers an increased wage of $170 per month at the beginning of next year.
http://www.phnompenhpost.com/business/g ... -next-year
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- vladimir
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Re: Government will drop export fee starting next year
Wow. Good news!
Jesus loves you...Mexico is great, right?
- chkwoot
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Re: Government will drop export fee starting next year
Now if they would start dropping import fees...then I guess pigs will start sprouting wings. That would be really cool.
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