There is growing concern about the European Union’s (EU) proposed suspension of its Everything But Arms (EBA) trade agreement with Cambodia, a move which could set the country back years.
Established in 2001, EBA gives 49 of the world’s least developed countries tax-free access to vital EU markets for their exports except for arms and ammunition.
While the EU has always warned that EBA preferences can be removed if beneficiary countries fail to respect core United Nations (UN) and International Labour Organisation (ILO) conventions, there is a real threat that this could come at the cost of massive unemployment and stagnant growth in Cambodia.
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