Friday 22 February 2019
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business-standard - 10 days ago

Cambodia PM blasts interference as EU trade deal threatens

Cambodian premier Hun Sen warned against interference in the country s affairs Tuesday, his first comments since the European Union launched steps to cancel trade benefits that would hammer the local garment industry. The bloc announced Monday it would begin a process of intensive monitoring to decide whether to suspend duty-free preferences under the Everything But Arms (EBA) deal. The move would deal a crippling blow to Cambodia s robust garment and footwear industry, which exports more than USD 4 billion worth of products to the bloc. It comes after repeated warnings from Brussels and in response to elections in Cambodia last year held without the opposition after the Supreme Court dissolved the party in the run-up to the vote. Cambodia is the EU s sixth largest garment supplier and the industry currently employs more than 700,000 workers, according to the country s factory association. Analysts say Hun Sen, who has ruled Cambodia for more than 34 years, is eager to retain the ...

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