EU Warns Cambodia To Do More for Holding Trade Benefits

The European Union has published an extremely critical report in which it warns Cambodia that it has not taken enough steps to prevent a loss of its special trade privileges, noting particularly “further deterioration” of its human rights record since a review process was launched nine months ago. Cambodia enjoys an import duty free status for goods (including bikes) that the country exports to the EU member states under the Everything But Arms (EBA) trade preferences which is a condition of EU’s Generalised Scheme of Preferences (GSP).

The EU trade preferences Cambodia currently holds is allowing bike makers operating in the country a 14 percent import duty edge on countries that do not hold such preferences. It pushed Cambodia to be EU’s leading supplier of regular bicycles which also was the fact in the first half of 2019.

In full: https://www.bike-eu.com/laws-regulations/nieuws/2019/11/eu-warns-cambodia-to-do-more-for-holding-trade-benefits-10136925

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