Cambodia’s garment industry, already pummeled by the coronavirus pandemic, is set for a “one-two punch” after the European Union signaled it will not suspend its decision to curb trade privileges for the vital sector.
The EU announced in February that it will suspend duty-free access for 40 products from Cambodia, effective Aug. 12, because of “systematic” human rights violations.
Lobby groups representing garment businesses and manufacturers earlier this week called for the EU to postpone the tariffs by at least 12 months because of the dire threat posed by the COVID-19 induced global slowdown.
In full: https://asia.nikkei.com/Economy/Trade/EU-set-to-reject-Cambodia-tariff-relief-plea
