The Cambodian government will drop its export management fee in 2018, incurring an annual loss of $20mn in revenue, in order to reduce the cost of doing business in Cambodia, 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 the country. It is also meant to lessen the economic burden on garment and footwear manufacturers, which will be required to pay their workers a minimum wage of $170 per month starting from the beginning of next year. (Source: Phnom Penh Post)