Hun Sen Outlines Plans to Shore Up Economy Amid Virus, EBA Risks

Amid economic risks from the global coronavirus outbreak and the E.U.’s partial suspension of duty-free trade benefits, Prime Minister Hun Sen on Monday laid out measures aimed at shoring up the nation’s key tourism and garment sectors.

In a speech at the Peace Palace in Phnom Penh, Hun Sen said the Covid-19 viral outbreak was an economic challenge, while he downplayed the possible impacts of the E.U.’s withdrawal of Cambodia’s duty-free access to the European market for select products over human rights violations.

The premier said the economic effects of the viral epidemic — which has resulted in more than 79,000 infections and some 2,600 deaths worldwide, mostly in China — would be fast, and he couldn’t predict how large, but said it was causing concerns among investors, employers and the public.

In full: https://vodenglish.news/hun-sen-outlines-plans-to-shore-up-economy-amid-virus-eba-risks/

© 2020, All rights reserved.