EU Partially Suspends Trade Privileges, Selected Garments And Footwear To Be Tariffed

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.

In full: https://www.voacambodia.com/a/eu-partially-suspends-trade-privileges-selected-garments-and-footwear-to-be-tariffed/5285028.html

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