EU withdraws Cambodia trade benefits over human rights

The changes will take place on August 12, 2020, unless EU governments or the European Parliament block them.

The European Union will suspend a part of the trade preferences Cambodia enjoys because of systematic violations of human rights, the European Commission said on Wednesday.

Cambodia will lose about 20 percent of the preferential rights it enjoys under the Everything But Arms (EBA) scheme that the EU offers to 48 of the world’s poorest countries. The percentage is equivalent to one billion euros ($1.1bn) of Cambodia’s exports to the EU.

The Commission will replace zero duties with standard tariffs for certain garments and footwear; all travel goods and sugar. The standard tariff for clothing is 12 percent.

In full: https://www.aljazeera.com/ajimpact/200212191531523.html

© 2020, All rights reserved.