Cambodia faces hammer blow as U.S. plans trade preferences review

Washington cautions investors over corruption, organized crime and human rights.

Cambodia faces a potential hammer blow after the U.S. said it will review the country’s eligibility for a trade preference scheme vital to its export-reliant economy.

A loss of favorable trade status would be disastrous for the country, particularly after the European Union, its second-biggest market, levied trade sanctions against Cambodia in 2020 over human rights abuses.

The U.S. on Wednesday issued a scathing assessment of the Southeast Asian nation led by strongman Prime Minister Hun Sen, whose deepening ties with Beijing have strained relations with Washington.

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