Cambodia’s growing bicycle industry at risk from trade uncertainties

Makers pause investment as EU reviews duty-free access and trade war lingers.

Phnom Penh – Investment in Cambodia’s growing bicycle industry is being put on hold due to trade war uncertainty and a possible end to trading privileges with the European Union.

The industry, worth an estimated $300 million to $400 million, has enjoyed years of growth and the country recently replaced Taiwan as the number one bicycle supplier to the EU, making it a valuable contributor to an economy known for its reliance on textiles and garments.

But that growth has been fueled by Cambodia’s duty-free access to Europe, which could end pending the results of a six-month review that began in February.

In full: https://asia.nikkei.com/Business/Business-trends/Cambodia-s-growing-bicycle-industry-at-risk-from-trade-uncertainties

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