Prime Minister Hun Sen on Friday unveiled a national policy to counteract the effects of the potential revocation of Cambodia’s preferential trade status with the European Union and the United States.
The EU would commit a serious mistake if it decides to remove EBA from Cambodia. It should instead continue to help the Kingdom to develop its economy and gradually build democratic governance.
Britain will begin rehearsals for the possible chaos of a no-deal Brexit today.
The Everything But Arms (EBA) initiative is a unilateral preferential treatment offered by the EU to least developed economies with the aim of helping them develop their economy and reduce poverty.
It has been a busy year – from the EU announcement that it is considering revoking Cambodia’s Everything-but-arms (EBA) status to the issuance of the country’s first corporate bond, 2018 has been a rollercoaster in terms of trade and business developments.
Local rice exporter and millers will buy significantly less paddy rice this year as they await the European Union’s final decision on whether or not to impose tariffs on Cambodian rice, industry insiders say.
With the future of the EU-UK relationship shrouded in uncertainty and crises brewing in France, Italy, and elsewhere, 2019 will be another difficult year for Europe.
It is the beginning of the harvest season, and a rice farmer in Takeo province walks to his field, located just behind his house, ready to inspect the rented machinery he will use to collect the crop.
If France does indeed descend into uncertainty or even chaos, things look bleak for the EU, at a time when two other main European powers – Britain and Germany – are engaged in fighting their own internal and inner demons.
France is striving to make budget deficit as close as possible to the EU limit next year.
For more than a decade, Cambodia has had excellent trade ties with the EU, registering some 5.8 billion euros ($6.56 billion) worth of exports in 2017, compared with a mere 837 million euros ($947 million) in 2007.
The EU pledges to support the Mekong River Commission with about $10 million.
Ha Long city, Vietnam – The German government and the European Union have pledged to give about $10 million to support the Mekong River Commission.
The Khmer Times of November 27 contained an article by Raoul Jennar entitled “EU promotes laundering of Cambodian wood”, whose contents significantly misrepresent the position of the European Union.
Many reports provide clear indications that Vietnamese companies have been shelling out millions in bribes for logs cut from national parks and community areas in Cambodia.
In 2015, the Cambodian government’s set target of exporting one million tons of rice fell short the moment it was announced.
An EU-funded eco-school in Svay Rieng province is paving the way to serve as an example for other schools across the Kingdom.
British Prime Minister Theresa May will seek to win support from business leaders.
The French government and the EU have granted Cambodia some $96.7 million as aid and loans for water management, agriculture, fisheries clean water and hygiene.
Aston Martin’s boss says the Brexit deal agreed by Britain and EU is “good enough”.
The English Football Association plans to reduce the number of overseas players in Premier League squads to 12 from 17.
For Cambodia, EBA provides a lot of benefits to the agriculture industry, in particular, rice and a number of other potential products.
Cambodian and Vietnamese officials on Monday began a five-day conference to discuss timber trade management, including an incoming trade deal between Vietnam and the European Union that has been decried by environmentalists.
Morocco will deport 141 migrants who were arrested trying to storm Melilla border.
Any temporary suspension of the EBA treaty might have a long-term negative impact.
Prime Minister Hun Sen has said that the withdrawal of the Everything-but-arms treaty by the European Union will not affect Cambodia as it would have eventually disappeared regardless of the EU’s current review.
PM says any removal of the EBA will result in a setback of decades of poverty reduction.
An environmental bid to the UN to oppose the EU-Vietnam timber trade deal.
The EU’s withdrawal of Cambodia’s trade preferences under the Everything but Arms scheme will now force the country to rethink its industrial policy, writes Soun Nimeth.
Experts believe Cambodia is still safe over the Everything But Arms (EBA) scheme.
