Fashion brands weigh Cambodia strategy after EU curbs trade

Stripped of some of its European trade privileges, Cambodia is bracing for an economic hit as major brands such as H&M review their production in the country.

The European Commission on Wednesday announced it would suspend duty-free access for 40 products from Cambodia, equal to about 20% of the country’s exports to the bloc, or some 1.1 billion euros ($1.19 billion).

The decision followed the EU’s 12-month review of Cambodia’s eligibility for its Everything But Arms scheme, which grants developing countries duty-free access for all exports except weapons and ammunition.

In full: https://asia.nikkei.com/Business/Business-trends/Fashion-brands-weigh-Cambodia-strategy-after-EU-curbs-trade

Related Stories

Latest News

The Weekly DispatchA new weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.