The European Union Commission announced on Wednesday that it will suspend trade privileges on certain products exported from Cambodia to the economic bloc, affecting more than $1 billion in exports and partially imposing tariffs on selected garment and footwear exports.
After a year-long withdrawal procedure, the EU Commission said it had decided to suspend the “Everything But Arms” (EBA) trade privileges on all travel goods and sugar exports, but imposed only a partial suspension on garment and footwear products.
The suspension would affect 20 percent of exports to the EU, amounting to $1.1 billion annually, the Commission said.
