A fact-finding mission sent by the EU will arrive in Cambodia late this month.
Foreign Affairs Minister Prak Sokhonn has renewed criticisms of the European Union for its “double standards” when it comes to dealing with the government.
Kong Korm says the removal of EBA will not improve human rights conditions.
The move to withdraw Everything But Arms trade privileges could jeopardise any possible future long-term efforts by the EU to build local capacities for safeguarding Cambodia’s democracy.
It came as no surprise to many government officials when the European Union launched its six month-long period of intensive monitoring and engagement period, as part of its review of the Kingdom’s Everything-but-arms trade scheme.
Recent news on the EU’s stepped-up process to withdraw the Everything But Arms (EBA) tariff-free access to European markets for Cambodian exports has drawn comments from both ends of the spectrum.
The Royal Academy of Cambodia says the removal of the EBA would not be fair.
Within the context of looming economic pressures from the European Union and possibly also from the United States, some news analysts and observers have drawn a quick conclusion that Cambodia’s economy is bound to collapse.
The Ministry of Commerce is planning a meeting with public and private actors to discuss the revocation of the European Union’s Everything-but-arms (EBA) deal and to find ways to diminish its impact on the economy, the ministry said in a press release.
The EU is testing Cambodians’ will by threatening to drop EBA, says Hun Manith.
The EU starts monitoring for six months that could lead to the suspension of EBA.
Foreign Affairs Minister meets with Cecilia Malmström to discuss the future of EBA.
Over 30 associations co-sign a letter to the European Commissioner for Trade expressing concern over the potential withdrawal of Cambodia’s preferential trade status under the Everything-but-arms (EBA) scheme.
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.
In 2019 the Kingdom’s economy will grow at a rate of 7 percent, according to the nation’s Central Bank, who noted in its latest report that such growth may be weakened by a number of internal and external factors.
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.
Prak Sokhonn, the Cambodian Foreign Minister, will meet European Union’s Trade Commissioner Cecilia Malmstrom in Brussels next month to push forward the Kingdom’s viewpoint on the potential cancellation of the Everything-but-arms (EBA) scheme.
Trade with foreign partners decelerated in 2018, with exports growing by just 4 percent, compared to 19 percent last year.
Chheang Vun, chairman of National Assembly’s commission on Foreign Affairs, International Cooperation, Information and Media today met with French National Assembly vice president Sylvain Waserman to discuss about Everything-but-arms scheme.
The Cambodia-EU fight may have wider implications for Cambodia and for the SEA.
The outright election victory of the Cambodian People’s Party, led by Prime Minister Hun Sen, has secured political stability and social order in the Kingdom.
A year ago, the European Union offered Cambodia the option of using a unique Harmonised Systems Code (HS Code) for its Jasmine fragrant rice and white rice to differentiate it from other Indica rice, a move that could have saved the nation from the conundrum it now finds itself in.
The National Assembly is reviewing a five-year ban on more than 100 members of the former opposition party, which could allow them to return to politics, following threats by the European Union to revoke the Everything-but-arms treaty.
Deputy secretary-general of GMAC Kaing Monika sits down with Business Insight to share his views on the EBA, relating the EU’s threat to remove the EBA to a court case saga in which Cambodia is the accused.
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 cancellation of the Everything But Arms (EBA) scheme would severely affect trade, investor sentiment, and the overall economy, said experts.
The potential cancellation of the Everything-but-arms (EBA) scheme will not have an impact on development projects in Cambodia funded by the European Union, according to George Edgar, the EU Ambassador to Cambodia.
For Cambodia, EBA provides a lot of benefits to the agriculture industry, in particular, rice and a number of other potential products.
Cambodia must embark quickly in an effort to diversify its manufacturing base.
The United Nations Special Rapporteur on Human Rights in Cambodia said the government must take measurable steps to promote human rights in order to avoid the withdrawal of the Everything-but-arms treaty with the European Union.