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Is Cambodia ready for the post-EBA era?

The EU’s withdrawal of Cambodia’s trade preferences under the Everything but Arms scheme will now force the country to rethink its industrial policy, writes Soun Nimeth.

The EU is Cambodia’s top export destination, accounting for 40 percent of all its exports. In 2017, total trade between the two partners equaled 5.86 billion euros. The EU imported goods worth about $5.7 billion from Cambodia. The top five export products from Cambodia according to the Harmonized System (HS) sections are textiles and textile articles ($4.34 billion); footwear, hats and other headgear ($743 million); transport equipment ($336 million); vegetable products ($185 million); and raw hides and skins, and saddlery ($92 million).

 

https://www.khmertimeskh.com/50541101/is-cambodia-ready-for-the-post-eba-era/

 

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andy

Cambodia talks fail to end trade sanction threat, EU says

 

BRUSSELS (Reuters) - Cambodia failed on Friday to allay criticisms of authoritarianism and rights abuses that threaten the country’s duty-free trading access to the European Union, the EU’s top diplomat said after talks with its premier.

Cambodia's Prime Minister Hun Sen arrives at the ASEM leaders summit in Brussels, Belgium October 19, 2018. REUTERS/Piroschka van de Wouw

Brussels began a formal procedure this month to strip Cambodia of its special trade status, worth billions of euros a year, following July elections that returned strongman Hun Sen to power after 30 years in office and gave his party all parliamentary seats.

EU foreign policy chief Federica Mogherini held talks with the prime minister in Brussels during a summit of 51 European and Asian leaders. She said later she had not heard anything that would avert trade sanctions.

“We discussed this, I cannot say that we found solutions to any of these issues,” Mogherini told a news conference.

“There is a lot of concern in Europe ... about the dissolution of the opposition and the narrowed democratic space for political opposition and civil society.”

The bloc’s review of Cambodia’s duty-free access to the EU means Cambodian sugar, garments and other exports could face tariffs within 12 months under EU rules and make the country less attractive for retailers exporting to Europe.

EU countries accounted for around 40 percent of Cambodia’s foreign sales in 2016. Clothing factories employ around 700,000 workers.

Its exports to the European Union were worth 5 billion euros ($5.8 billion) last year, according to EU data, up from negligible levels less than a decade ago, before the trade status.

Dozens of Cambodians gathered outside the summit venue in Brussels to protest against Hun Sen’s policies.

He declined to answer questions from reporters, waving his hand and walking away when asked if he was concerned about the impending sanctions.

 

October 19, 2018. REUTERS.

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dicey eye
2 hours ago, andy said:

The bloc’s review of Cambodia’s duty-free access to the EU means Cambodian sugar, garments and other exports could face tariffs within 12 months

If that happens many Cambodian businesses will be up the creek without a paddle.

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andy

 

 

4 hours ago, dicey eye said:

Cambodian businesses will be up the creek without a paddle.

 

Let's face it the country has had tax free privileges for a long time. Also if you want to go deeper with aid. Including monies. I do agree that they were nessesery and also a necessity to help the Khmer people and the country. But there comes a time when eventually due to the help a country will improve and progress. Now with the added large donations from China, also business and support the figures show that the country has had good growth. Now it is able to pay it's way.

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dicey eye

PM: EU setting back poverty reduction in EBA removal

May Kunmakara / Khmer Times Share:
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https://www.khmertimeskh.com/.../pm-eu-setting-back-poverty-reduction-in-eba-rem...

Prime Minister Hun Sen yesterday told EU-Asean Business Council vice-president Martin Hayes any removal of the Everything But Arm (EBA) by the European Commissioners will result in a setback of all efforts made by the bloc in helping the country in decades of poverty reduction and economic development.

“So far, the EU has helped Cambodia in all areas. If the EU decides to withdraw the EBA, it seems the EU has abandoned what they have helped achieve in the past in Cambodia,” Mr Hun Sen is quoted as saying.

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andy

When there was the necessity for care and support, need's and support for the victims of horrific time's now long past. Aids' monies from the western governments and personal donations from it's people. And it still carries on now has we speak.

Uncertainties that maybe one of the words I was looking for. That's what many of the country's people have lived throughout.

It's one thing being the leader with support when needed. Now to think about doing it alone uses the same word.

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