News

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

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/

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