Cambodia Faces Major Economic Blow as E.U. Weighs Ending Trade Deal

Bangkok – Cambodia faces a serious blow to its economy as the European Union investigates the government’s deteriorating human rights record and considers revoking a special trading deal with the country.

For 17 years, Cambodia has benefited from preferential access to the European Union a major trading partner, under a program called Everything but Arms, which allows what the bloc calls “vulnerable developing countries” to pay fewer or no duties on all their exports to the bloc, except weapons and ammunition. The trading deal has contributed to a period of rapid economic growth in Cambodia.

In full: https://www.nytimes.com/2019/03/24/world/asia/eu-cambodia-trade.html

© 2019, All rights reserved.