News

EU starts EBA withdrawal

The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. ...

Joseph Curtin
https://www.phnompenhpost.com/national/eu-starts-eba-withdrawal-0

Final day for EU to get EBA withdrawal views

Today (Tuesday) marks the final day for the EU Commission for Trade to receive the opinions of the EU bloc’s 28 member-states before deciding whether to suspend the Everything But Arms (EBA) tariff preferences for Cambodia. However a unanimous decision will be required to withdraw ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/final-day-eu-get-eba-withdrawal-views

Businesses express ‘deepest’ EBA concerns

Private companies have expressed their “deepest concerns” over the potential withdrawal of the Everything But Arms (EBA) preferential scheme. In a joint letter to the European Commission, they said the move will negatively impact the Kingdom. The letter, signed by 40 of the Kingdom’s private ...

Hin Pisei
https://www.phnompenhpost.com/business/businesses-express-deepest-eba-concerns

CO not needed for exports to EU

Those wishing to export their goods to the EU under the tax-free preferential scheme, Everything but Arms (EBA), are no longer required to apply for a Certificate of Origin (CO), according to a joint announcement from the ministries of Commerce, and Economy and Finance on ...

Kun Kourchettana
https://www.phnompenhpost.com/business/co-not-needed-exports-eu

Cambodia reviews ban on opposition after EU sanctions threat

Cambodia’s parliament is reviewing a five-year ban on more than 100 members of the main opposition party, which could allow them to return to politics, following threats by the European Union to deny duty-free trading access to the Southeast Asian nation. ...

Prak Chan Thul
https://www.reuters.com/article/us-cambodia-politics/cambodia-reviews-ban-on-opposition-after-eu-sanctions-threat-idUSKBN1O20XP

Kingdom sees 69 factories open

Cambodia’s garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report. Ministry spokesman Oum Sotha who voiced no concern over the possible removal of Cambodia ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/kingdom-sees-69-factories-open

Cambodia's H1 garment exports up 10.73 pct, projected strong this year

Cambodia’s garment exports grew by 10.73 percent in the first half of 2018 and are projected to remain strong despite a European Union threat to withdraw duty-free trading access, official data showed on Wednesday. ...

Prak Chan Thul
https://www.reuters.com/article/us-usa-stocks/nasdaq-confirms-correction-while-sp-500-and-dow-erase-2018-gains-idUSKCN1MY1LZ

Moody’s warns of ‘credit negative’ if EBA is lost

Moody’s Investors Services has warned that Cambodia’s potential loss of its Everything But Arms (EBA) preferential trade access to the EU would weaken its economic growth and lead to a credit negative, a report released on Saturday says. It notes that while Cambodia maintained its ...

Sorn Sarath and Cheng Sokhorng
https://www.phnompenhpost.com/business/moodys-warns-credit-negative-if-eba-lost

Unruffled by EBA withdrawal, PM seeks ‘low interest’ loans

After meeting with the European Commission, Prime Minister Hun Sen said he had expected that Cambodia would one day lose its access to the bloc’s “Everything But Arms” (EBA) preferential trade agreement and had “already requested low interest” loans from China, Japan, South Korea and ...

Niem Chheng
https://www.phnompenhpost.com/national/unruffled-eba-withdrawal-pm-seeks-low-interest-loans

‘Kingdom ready if EBA withdrawn’: Ministry

A senior Labour Ministry official said a withdrawal of the preferential Everything But Arms (EBA) trade agreement with the EU would not hurt the Kingdom’s economy. Ministry spokesman Heng Suor said the government had prepared plans in the event of an EBA withdrawal. However, he ...

Kong Meta
https://www.phnompenhpost.com/national/kingdom-ready-if-eba-withdrawn-ministry

EU officials: Ending EBA an 18-month procedure

EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-officials-ending-eba-18-month-procedure

Cambodia faces ‘negative impacts’ if EBA suspended

The European Chamber of Commerce in Cambodia (EuroCham) expressed its “serious concerns” on Monday over the “long-term negative impacts” of the EU removing the Kingdom’s access to the preferential Everything But Arms (EBA} agreement. It also expressed “hope that a dialogue can be implemented to ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/cambodia-faces-negative-impacts-if-eba-suspended

Good labour conditions should salvage EBA, experts say

Cambodia is not alone in looking to China for assistance in her economic development as other nations within the Asean sphere of influence and beyond is also looking at Beijing to provide global leadership to help steer their economic future. ...

May Kunmakara
https://www.khmertimeskh.com/50540337/good-labour-conditions-should-salvage-eba-experts-say/

Cambodia calls EU trade threat 'extreme injustice'

Cambodia’s foreign ministry on Thursday said a decision by the European Union to ramp up trade pressure on the country over human rights concerns was an “extreme injustice”, adding it risked destroying decades of development in the country. ...

Aljazeera
https://www.aljazeera.com/news/2018/10/cambodia-calls-eu-trade-threat-extreme-injustice-181011063527570.html

EU a key economic partner in Cambodia: Ambassador

The European Union is a key economic partner in Cambodia, with preferential access to European markets a key element of the Kingdom’s robust growth in recent years, said European Union Ambassador George Edgar. ...

Sum Manet
https://www.khmertimeskh.com/50539696/eu-a-key-economic-partner-in-cambodia-ambassador/

Government hits back at threats to pull EBA, suspend UN seat

The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. ...

Niem Chheng and Meas Sokchea
https://www.phnompenhpost.com/national/government-hits-back-threats-pull-eba-suspend-un-seat

Union leader warns of protests

A prominent union leader on Tuesday threatened to hold a large-scale demonstration if the newly elected government ignores the European Union’s resolution demanding a political compromise between the ruling Cambodian People’s Party (CPP) and the court-dissolved Cambodia National Rescue Party (CNRP). ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/union-leader-warns-protests

Europe to discuss Kem Sokha’s detention

The European Parliament is set to hold urgent debates on selected human rights, democracy and rule of law topics on Thursday in Strasbourg, France, a briefing released by the body said last week. Discussion on Cambodia will centre on the imprisonment of court-dissolved Cambodia National ...

Niem Chheng
https://www.phnompenhpost.com/national/europe-discuss-kem-sokhas-detention

Chinese Ambassador: EU Should Not Mix Politics,Trade in Cambodia

China’s Ambassador in Phnom Penh says the European Union should not mix politics with trade as it mulls withdrawing Cambodia’s vital preferential single market access in response to the country’s autocratic backslide. ...

David Boyle
https://www.voanews.com/a/chinese-ambassador-eu-should-not-mix-politics-trade-in-cambodia/4489291.html

Clothes exports kick into high gear

Cambodia’s garment and footwear exports recorded double-digit growth to some $4 billion in the first half of this year compared to the same period last year, a National Bank of Cambodia (NBC) report has said. Industry insiders have speculated that the growth could be due ...

Hor Kimsay
https://www.phnompenhpost.com/business/clothes-exports-kick-high-gear

GMAC is confident the EU won’t suspend EBA scheme

The Garment Manufacturers Association in Cambodia (GMAC) has expressed confidence that the probability of the European Union (EU) suspending the Kingdom’s access to its Everything But Arms (EBA) scheme is “very low”. GMAC deputy secretary-general Kiang Monika said his belief is based on the fact ...

Niem Chheng
https://www.phnompenhpost.com/national/gmac-confident-eu-wont-suspend-eba-scheme

Private sector to EU: Don’t punish Cambodia

Representatives of the Kingdom’s private sector this week urged the European Union not to cancel the Everything-but-arms (EBA) scheme in response to a perceived deterioration of human rights and democracy in the country. ...

May Kunmakara
https://www.khmertimeskh.com/50510723/private-sector-to-eu-dont-punish-cambodia/

Kingdom's trade deal with EU questioned before poll

A European Union (EU) mission met with senior government officials at the Ministry of Interior on Tuesday as the 28-member bloc monitors an agreement under which Cambodian goods reach the crucial European market tariff-free. ...

Niem Chheng
https://www.phnompenhpost.com/national/kingdoms-trade-deal-eu-questioned-poll

Government sends delegation to EU over preferential trade scheme

Officials from the Cambodian Ministry of Foreign Affairs (MFA) have embarked on a two-week mission to the European Union (EU) seeking to have the Kingdom’s tax-free trading preferences with the economic bloc extended, according to a press release on Thursday. ...

Hor Kimsay
https://www.phnompenhpost.com/business/government-sends-delegation-eu-over-preferential-trade-scheme

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