Cambodian manufacturing associations and private sector companies have asked the European Union to delay the implementation of the partial suspension of trade privileges, slated to activate on August 12, to not exacerbate the existing coronavirus-induced economic slowdown.
In a statement dated June 2, the Garment Manufacturers Association in Cambodia (GMAC), Cambodia Footwear Association, and European Chamber of Commerce in Cambodia (EuroCham) asked for a reevaluation of the EU’s decision to impose tariffs on export products and to postpone the implementation to 2021.
If withdrawn in August, the groups said it would be “a massive blow to Cambodian industry over and above the enormous negative impact from COVID-19.”
