News

Data from the Ministry of Commerce showed that in 2020 Cambodia exported $3.203 billion of goods to the EU and imported $659 million from the trade bloc. ...

Cambodia and the EU on November 16 pledged to enhance trade and investment in an effort to spur post-Covid-19 economic recovery in light of the bloc’s recent partial withdrawal of trade privileges. ...

Prime Minister Hun Sen on Tuesday reiterated that the Kingdom’s projected economic growth of 6.5 per cent will be hit hard by the Coronavirus outbreak, and not because of the EU’s partial withdrawal of the ‘Everything But Arms’ (EBA) scheme. ...

The Cambodian Chamber of Commerce and other business chambers including the Malaysian Business Council of Cambodia, European Chamber of Commerce in Cambodia and American Chamber of Commerce in Cambodia have expressed their regret over the recommendation by the European Commission to partially withdraw the Everything ...

Interior Minister Sar Kheng yesterday said that the government has already made progress on one of the points listed in the European Commission’s preliminary report on whether the Kingdom should retain its Everything-but-arms trade status with the European Union. The government is currently reviewing the ...

The Environment Ministry and representatives of European Union member states yesterday reminded people to reduce single-use plastic waste, which make up 20 percent of 10,000 tonnes of garbage produced in the Kingdom daily. The appeal was made at the end of the EU’s Green Weeks campaign ...

Half a million Cambodian farmers could possibly be looking at empty rice bowls if the European Union (EU) pushes through with the withdrawal of its Everything But Arms (EBA) trade preference. While the garment and footwear sectors stand to lose the most if the EBA trade ...

The EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region. The pledge falls under the Asean Regional Integration Support – Cambodia ...

Outgoing EU Ambassador George Edgar met with Prime Minister Hun Sen yesterday, when he finalised arrangements to officially announce a $100 million grant for the Kingdom’s fishery sector amidst a review of the Kingdom’s trade status. Kao Kim Hourn, delegate minister attached to the Prime ...

The Garment Manufacturers Association in Cambodia (GMAC) has urged the European Union (EU) to maintain the Everything But Arms (EBA) trade preferences for Cambodia, according to its statement released to the media on Thursday. The EU started in February the 18-month process that could lead ...

Prime Minister Hun Sen has renewed accusations of double standards by the European Union over the possible suspension of the Kingdom’s Everything-but-arms trade status during his visit to Geneva. Mr Hun Sen is attending a three-day meeting on Aid for Trade Global Review in Switzerland and ...

US-based supporters of Cambodia’s former opposition party have launched a campaign to lobby US lawmakers to support legislation aimed at placing sanctions on the Cambodian government. The activists are planning to call and petition lawmakers to urge them to support the Cambodia Trade Act and ...

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 ministry’s statement, ...

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 ...

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 ...

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 ...

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 ...

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 ...

Prime Minister Hun Sen has left for his European tour, which will include attending an Asia-Europe meeting organised by the EU. Departing at 12:20am, he will lead a delegation at the 12th Asia-Europe Meeting (Asem) on Thursday and Friday in Brussels, Belgium. ...

The European Union has quashed concerns of several Cambodia environmental NGOs over a trade deal on tropical timber with Vietnam, saying that the scheme is to promote legally harvested timber, EU Ambassador to Cambodia George Edgar said.​ ...