News

EU never envisaged putting trade sanctions on Kingdom: Mogherini

In an interview with the Nikkei Asian Review on July 31, Mogherini – who is also the Vice-President of the European Commission – was asked whether the EU’s possible sanctions would lead to reforms in Cambodia, to which she said the Kingdom “needed to respect ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-never-envisaged-putting-trade-sanctions-kingdom-mogherini

More than 30 footwear, travel goods factories open in first half

More than 30 new footwear and travel goods factories were opened in Cambodia during the first half of this year. This comes despite the Kingdom facing the possible withdrawal of the EU’s preferential Everything But Arms (EBA) agreement, the Garment Manufacturers Association in Cambodia (GMAC) ...

Thou Vireak
https://www.phnompenhpost.com/business/more-30-footwear-travel-goods-factories-open-first-half

PM’s Geneva trip ‘a success’

After Prime Minister Hun Sen returned from his July 3-5 visit to the World Trade Organisation (WTO) and the Office of the United Nations High Commissioner for Human Rights (OHCHR) in Switzerland, the Ministry of Foreign Affairs and International Cooperation described the meetings as "successful”. ...

Niem Chheng
https://www.phnompenhpost.com/national/pms-geneva-trip-success

PM: Kingdom will not bow to ‘preaching’ on human rights

Prime Minister Hun Sen on Monday said “the forest had not been seen for the trees” when the human rights situation in Cambodia was assessed and that the Kingdom would not bow to preaching on the matter. Hun Sen was presiding over a ceremony on ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/pm-kingdom-will-not-bow-preaching-human-rights

‘Life goes on’ if Cambodia loses Everything But Arms

Cambodia's business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in mid-August, ...

Husain Haider
https://www.phnompenhpost.com/national/life-goes-if-cambodia-loses-everything-arms

EU tells Kingdom to provide ‘credible’ rights improvements

The European Commission has issued a statement calling on the government to show credible improvements on issues of concern in order to avoid the withdrawal of Everything-but-arms trade preferences. An EC and European External Action Service delegation wrapped up a visit to the Kingdom on ...

Khuon Narim
https://www.khmertimeskh.com/614245/eu-tells-kingdom-to-provide-credible-rights-improvements/

EU visit: Workers, unions and politicians express EBA fears

Workers, union leaders and politicians have expressed fear over the consequences of losing access to the EU’s “Everything But Arms” (EBA) agreement – something analysts have described as “manageable”. A team from the European Commission and European External Action Service is currently in Cambodia for ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-visit-workers-unions-and-politicians-express-eba-fears

Cambodia: over 145 opposition members summoned

Cambodian authorities should immediately end the harassment of former opposition party members and their supporters, Human Rights Watch said today. European Union officials arriving in Cambodia on June 3, 2019 to review the Cambodian government’s rights record in connection with the Everything but Arms (EBA) trade privileges should ...

Human Rights Watch
https://www.hrw.org/news/2019/06/02/cambodia-over-145-opposition-members-summoned

Germany to provide Cambodia $66M in loans, grants for infrastructure, poverty reduction

The German government announced on Tuesday that following negotiations with Cambodian officials it has decided to approve a package of $34 million in loans and $32 million in grants to develop rural infrastructure and reduce poverty. A press release by the German Embassy urged Cambodia, ...

Kann Vicheika
https://www.voacambodia.com/a/germany-to-provide-cambodia-66m-in-loans-grants-for-infrastructure-poverty-reduction/4920662.html

EU should look for win-win deal with Cambodia

In February 2019, the European Union launched an 18-month process over whether or not to maintain Cambodia’s preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The review follows what the European Union perceives as ‘the deterioration of democracy, respect ...

Chhoeun Kongkea
https://www.khmertimeskh.com/50604586/eu-should-look-for-win-win-deal-with-cambodia/

Government: UK-Cambodian trade will remain strong

Two-way trade between Cambodia and the UK will remain strong even if the UK leaves the EU as bilateral trade between the two countries surpassed $1 billion last year, said Ministry of Commerce spokesman Seang Thay on Wednesday. According to a Ministry of Commerce press ...

Hor Kimsay
https://www.phnompenhpost.com/business/government-uk-cambodian-trade-will-remain-strong

EBA withdrawal threatens Kingdom’s bicycle industry

Cambodian bicycle exports to the EU amounted to 1.52 million individual units last year valued at $331 million, according to a World Bank report released on Monday. The report – called Cambodia Economic Update – revealed that bicycles are Cambodia’s third main export to the ...

Hor Kimsay
https://www.phnompenhpost.com/business/eba-withdrawal-threatens-kingdoms-bicycle-industry

Investment growing but at a slower pace: GMAC

Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC).​ The deceleration is likely the result of the ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50601248/investment-growing-but-at-a-slower-pace-gmac/

World Bank: EU exports may decline up to $654M

The value of Cambodian exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday. The World Bank’s assessment – made in a report named Cambodia Economic ...

Hor Kimsay
https://www.phnompenhpost.com/business/world-bank-eu-exports-may-decline-654m

International buyers concerned over labour and human rights situation

A group of international businesses in the garment industry have expressed concern over the labour and human rights situation in the country. On Thursday, the group – which includes Nike, Adidas, and Levi Strauss – sent a letter to Prime Minister Hun Sen pleading with ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50600703/international-buyers-concerned-over-labour-and-human-rights-situation/

IMF: Economic outlook robust

Cambodia's economic outlook remains robust in the near-term despite the country set to face bigger external risks and potentially lose trade privileges to its main markets, an International Monetary Fund (IMF) team has told the finance minister. An IMF team visited Phnom Penh earlier this ...

Hor Kimsay
https://www.phnompenhpost.com/business/imf-economic-outlook-robust

PM Hun Sen: Cambodia will not die without preferential EBA agreement

Prime Minister Hun Sen on Wednesday reiterated that he would not be overly concerned if Cambodia had its access to the EU’s preferential “Everything But Arms” (EBA) agreement withdrawn because the Kingdom would not die without it. Hun Sen was speaking to factory workers in ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/pm-hun-sen-cambodia-will-not-die-without-preferential-eba-agreement

EU warned as delegation lands

Civil society groups and associations released a public statement on Tuesday expressing concern over the EU starting the process to withdraw Cambodia’s access to its preferential “Everything But Arms” (EBA) agreement, as a delegation from the bloc landed in Phnom Penh the same day. ... ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-warned-delegation-lands

PM seeks overseas markets for Kingdom’s agricultural products

Speaking at the closing ceremony of 2018-2019 Agriculture, Forestry and Fisheries Annual Result Review Meeting, Prime Minister Hun Sen said Cambodia’s agricultural sector is showing progress, with it producing nearly six million tonnes of paddy, which can be processed into four million tonnes of milled ...

Hin Pisei
https://www.phnompenhpost.com/business/pm-seeks-overseas-markets-kingdoms-agricultural-products

EU team to arrive for EBA talks

An Eu delegation is set to arrive in Phnom Penh next week for a two-day official visit to discuss the process for withdrawing Cambodia’s access to its preferential ‘Everything But Arms’ (EBA) agreement, officials said on Tuesday. Meanwhile, analysts have called on the EU to ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-team-arrive-eba-talks

Foreign Affairs Minister lays out core foreign policy values

The Minister of Foreign Affairs and International Cooperation on Monday outlined the four core foreign policy values that Cambodia is focusing on in the current global context. Deputy Prime Minister Prak Sokhonn was talking to some 1,200 university students at the National Institute of Education ...

Niem Chheng
https://www.phnompenhpost.com/national/foreign-affairs-minister-lays-out-core-foreign-policy-values

EBA fact-finding team to arrive in upcoming weeks: EU Ambassador

A fact-finding mission sent by the European Union will arrive in Cambodia late this month or early April, European Union Ambassador George Edgar announced this week. During a meeting Tuesday, the EU Ambassador told Minister of Commerce Pan Sorasak that an EU delegation is scheduled ...

May Kunmakara
https://www.khmertimeskh.com/50584565/eba-fact-finding-team-to-arrive-in-upcoming-weeks-eu-ambassador/

Ministry to meet with companies over EBA saga

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, ...

May Kunmakara
https://www.khmertimeskh.com/50577785/ministry-to-meet-with-companies-over-eba-saga/

Rice exports down 5%

Rice exports last month were five per cent lower than in January last year, after a full year of decline in 2018. However, a sector insider said it is not a major concern because it is only the beginning of 2019. A report from the ...

Hin Pisei
https://www.phnompenhpost.com/business/rice-exports-down-5

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