Prime Minister Hun Sen on Monday highlighted the joint accomplishments of the Cambodian government and the International Labour Organisation (ILO) in helping to bring 1.5 million of the Kingdom’s workers into the formal labour market. Hun Sen has played down the possible significance of the EU withdrawing Cambodia’s preferential trade treatment over human rights concerns. Hun Sen’s Ministry said that more companies from China’s Yunnan province plan to invest in the Kingdom, following in the footsteps of 25 firms which have already invested more than $2 billion in various sectors.
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The Cambodian government is negotiating a free trade agreement (FTA) with the Eurasian Economic Union (EAEU), a common market comprised of five nations of the former Soviet Union, hoping the new market will maintain the Kingdom’s economic growth. The Cambodian government faces a serious blow to its economy as the European Union investigates the government’s deteriorating human rights record and considers revoking a special trading deal with the country.https://bit.ly/2K2t3DB; https://nyti.ms/2Tutu91;
