Cambodia well prepared to cope with impacts of COVID-19, EBA’s partial withdrawal: academics

Cambodia has been well prepared to cope with the economic and social impacts of the COVID-19 pandemic and the European Union’s partial withdrawal of Everything But Arm (EBA) trade preferences, academics said here on Friday.

Cambodia has allocated 1.16 billion U.S. dollars for health and social assistance as well as economic support after the onset of the COVID-19 earlier this year, and has unveiled a number of measures to support manufacturers and exporters after the EU partially withdrew the EBA from the kingdom.

Speaking at a roundtable discussion on “How has Cambodia prepared itself for today and tomorrow?”, Sok Touch, president of the Royal Academy of Cambodia, said the government’s measures were crucial to sustain socio-economic development during and after the COVID-19 pandemic.

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