Cambodian PM predicts robust growth this year amid EU trade sanctions threat

Phnom Penh – Cambodian Prime Minister Samdech Techo Hun Sen said on Wednesday that the country’s economy is expected to grow by 7 percent in 2019 despite the ongoing threat of trade sanctions from the European Union.

The EU started last week the 18-month process that could lead to the temporary suspension of Cambodia’s duty-free trading access to the EU market under the Everything But Arms (EBA) scheme due to concerns over human rights and labor rights in the kingdom.

“After achieving a 7.5 percent economic growth in 2018, we hope that Cambodia’s economy will grow around 7 percent in 2019,” Hun Sen said in a speech to about 11,000 garment factory workers in southern Kandal province.

In full: http://www.xinhuanet.com/english/2019-02/20/c_137837432.htm

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