Benefits there for the taking
Thailand will lose its beneficial tax treatment on exports to the European Union next year, and Cambodia’s manufacturing sector could be set to capitalise. Following three consecutive years of upper-middle income status as defined by the World Bank, Thailand will on January 1 lose its Generalised System of Preferences (GSP) privileges, which reduce or entirely remove duties on the export of selected products to EU member states. As some countries migrate to higher income levels and lose their trade preferences, those that continue to receive duty-free access to the EU, such as Cambodia, are expected to become more attractive investment destinations. …
Daniel de Carteret
http://www.phnompenhpost.com/business/benefits-there-taking
