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Even when garment factories are wholly Chinese-owned and utilise products generated in China, they might take pleasure in comfortable tax regimes and quotas when exporting to Europe and The us, delivered products are assembled in Cambodia. Having said that, in August 2020, the EU partly withdrew Cambodia’s EBA privileges resulting from human rights fears. This withdrawal impacts 20% of exports on the EU, largely garments—which is An important aim for firms running within the SSEZ.
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In line with the sturdy state aid from China, the venture is financed by several actors. Not simply has it obtained general performance-based mostly subsidies within the Chinese Federal government (Bräutigam and Tang 2012) , but the Jiangsu branch with the Export–Import Financial institution of China also supplied funding to support its growth, and Sinosure furnished sixty one million USD in coverage for that challenge in its early stages.
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Though China was not the architect of this growth path, SEZs in Cambodia current a pure alignment with the event priorities with the Chinese authorities, since they search for to offshore small-tech output. The SSEZ has been a priority of The 2 governments due to the fact 2006, when it absolutely was picked as being a pilot ‘foreign economic trade cooperation zone’ by China’s Ministry of Commerce (MOFCOM).
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