US Follows EU in Reviewing Cambodia’s Preferential Trade Treatment in Light of Alleged Abuses

Cambodia exported over $3 billion in goods to the US last year.

U.S. Senators Ted Cruz and Chris Coons on Wednesday introduced a new trade bill that would require the Trump administration to review the preferential trade agreement with Cambodia.

Cambodia currently receives preferential trade treatment under the General System of Preferences (GSP), but the deteriorating political situation in the Kingdom has prompted the E.U. and now possibly the United States to reassess the situation.

“America has invested in the political future of Cambodia by establishing reliable trade and commerce,” Sen. Ted Cruz (R-Texas) said in a press release. “Cambodia’s Prime Minister Hun Sen has exploited preferential treatment afforded to it by the United States and Europe. He has failed to meet basic labor rights standards, undermined the integrity of elections in Cambodia, and tilted toward China.”

In full: https://www.voacambodia.com/a/us-follows-eu-in-reviewing-cambodia-preferential-trade-treatment-in-light-of-alleged-abuses/4737447.html

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.