The EU has today started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. EBA preferences can be removed if beneficiary countries fail to respect core human rights and labor rights.
The European Union yesterday started the process of intense monitoring and engagement for six months that could lead to the temporary suspension of Cambodia’s preferential access to the market under the Everything-but-arms (EBA) trade scheme, it said in a statement. The European Union's move to revoke Cambodia's duty-free access could force major clothing brands out of the manufacturing hub and worsen conditions for workers, industry experts said.
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Trade ties between Cambodia and Vietnam were strengthened on Wednesday following a meeting between high-ranking commerce officials in which both countries agree to drop tariffs on a number of goods.https://bit.ly/2EbBnM3;
