The expansion of the sugar business from Thailand into Cambodia has hit a roadblock as Khon Kaen Sugar Industry Plc (KSL), Thailand’s third-largest sugar producer, decided to withdraw its investment because of unfavourable business conditions.
Years of low global sugar prices, a sluggish market in Cambodia and the Generalized System of Preferences (GSP) trade scheme are factors discouraging investment in the country, said Chalush Chinthammit, president of KSL.
“Cambodia does not take advantage of the GSP to export sugar to Europe and the US,” he said.
In full: https://www.bangkokpost.com/business/general/2823614/ksl-pulls-out-investment-in-cambodia
