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EU partially withdraws tariff preferences to Cambodia under EBA

Cambodia’s annual 7-billion-USD garment and textile sector is expected to suffer losses from the European Union (EU)’s partial withdrawal of the tariff preferences granted to the Southeast Asian country under the Everything But Arms (EBA) trade agreement from August 12.
EU partially withdraws tariff preferences to Cambodia under EBA ảnh 1Workers at a garment-textile firm in Cambodia (Source: Khmer Times)


Hanoi (VNA) –Cambodia’s annual 7-billion-USDgarment and textile sector is expected to suffer losses from the European Union(EU)’s partial withdrawal of the tariff preferences granted to theSoutheast Asian country under the Everything But Arms (EBA) trade agreement fromAugust 12.

The move follows the EUdecision made in February 2020 even though the Cambodian government and privatesector have been trying to lobby the bloc not to implement or at least delay thewithdrawal, according to the local media Khmer Times.

The Garment ManufacturersAssociation of Cambodia (GMAC) and the Cambodia Footwear Association (CFA)together with the European chamber of commerce have called again for the EU topostpone its partial withdrawal because of the devastating effect of COVID-19on the industries, it reported.

The EU is Cambodia’s largest trading partner. The EU's decision affectsone-fifth (or 1.08 billion USD) of Cambodia’s annual exports to the union./.

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