Cambodia Allocates $1.2 Billion to Bolster Economy

The Cambodian government has allocated $1.2 billion to bolster an economy struggling with the withdrawal of some European trade perks and the COVID-19 pandemic.

Under its Everything But Arms policy, the European Union grants tariff-free access for goods from developing countries that meet international standards on democracy.

But a ban on the main opposition party from contesting the 2018 election upset the EU – Cambodia’s largest export market – prompting the withdrawal and an initial cost to business of about $130 million.

In full:

Related Stories

Latest News

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