Fashion brands weigh Cambodia strategy after EU curbs trade

H&M, Adidas and others assess cost of suspended duty-free access.

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

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