Opinion

EU, US pressing towards Cambodia trade reprisals

Coordinated withdrawal of Cambodia’s EU and US tariff-free trade privileges would devastate crucial garment exports and flatten the economy.

A United States Trade Representative (USTR) and Department of State delegation wrapped up a five-day mission to Cambodia on June 7, a visit that could ultimately have major ramifications for the Southeast Asian nation’s economy.

The delegations were deployed ostensibly to “discuss bilateral trade issues, including automobile standards, as well as Cambodia’s labor situation,” the US Embassy in Cambodia’s Facebook page said.

More likely, sources say, the delegations were looking into the potential of removing Cambodia from the US’ Generalized System of Preferences (GSP), a preferential trade scheme that grants tariff and quota-free status to exports from developing countries.

In full: https://www.asiatimes.com/2019/06/article/eu-us-pressing-towards-cambodia-trade-reprisals/

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