Cambodia foresees boost in trade with UK post Brexit

Cambodia expects bilateral trade relations with the United Kingdom (UK) to improve and exports to the UK to increase following its departure from the European Union (EU), according to trade officials from the country, whose commerce ministry recently said the UK’s market share of Cambodia’s exports was worth more than $1 billion last year.

Cambodia Chamber of Commerce vice president Lim Heng also foresees a steady rise in export of goods, especially garments, to the UK following Brexit.

The United Kingdom departed from the EU on January 31, implying its course of action is now independent of the European Commission’s decision regarding the Everything But Arms (EBA) scheme for Cambodia, according to Cambodian media reports.

In full: https://www.fibre2fashion.com/news/apparel-news/cambodia-foresees-boost-in-trade-with-uk-post-brexit-255052-newsdetails.htm

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