A recent report from the International Trade Union Confederation reveals that 50 of the world’s largest companies depend on a “hidden workforce” to provide 94 percent of the labor from which they profit.
The main purpose of Kerry’s visit was to discuss an upcoming US-Asean meeting in California next month, which will include a lot of discussion on trade.
Hun Sen had asked that Cambodia be producing 1 million tons of rice for export by 2015, but the country is meeting only half that goal.
While the constitution calls for Cambodia to remain neutral in foreign affairs, Cambodia has stronger ties with China than it does with the US, due in part to China’s no-strings aid and investment in recent years.
While Cambodia is again expected to post a high annual growth rate of around 7 percent this year, it is starting to feel the pinch of a slowing global economy.
Of Cambodia’s 15 million people, 3 million are poor and 8.1 million are near-poor.
Cambodia must tackle the skills gap to boost the productivity of its labor force in order to grow its economy, according to the latest report.
The number of ships coming through the port rose 17 percent year to year, and cruise ships rose from 25 to 36.
Cambodia earns nearly $60 million in ticket sales from Angkor Wat each year, from nearly 2 million visitors.
The Assembly approved the initiative to join the Chinese-run development bank, which will provide loans to Asian-Pacific countries, much like the Asian Development Bank.
The illicit economy grew from $650 billion in 2011 to $1.77 trillion in 2015, according to the World Economic Forum.
Cambodia has around 1,000 active unions, most representing some 700,000 workers in the garment and textile manufacturing sector.