Phnom Penh – Investment in Cambodia’s growing bicycle industry is being put on hold due to trade war uncertainty and a possible end to trading privileges with the European Union.
The industry, worth an estimated $300 million to $400 million, has enjoyed years of growth and the country recently replaced Taiwan as the number one bicycle supplier to the EU, making it a valuable contributor to an economy known for its reliance on textiles and garments.
But that growth has been fueled by Cambodia’s duty-free access to Europe, which could end pending the results of a six-month review that began in February.
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