‘Laundering more pressing than EBA’

Deputy Prime Minister Sar Kheng said the loss of the EU’s Everything But Arms (EBA) trade preferences would affect Cambodia to some extent, but it would also give the Kingdom the opportunity to strengthen itself. He said the Kingdom should instead address money laundering.

“EBA, if it is withdrawn it would somewhat affect [us], but on the other hand, taking the opportunity to strengthen ourselves is the way to go. We must strive to build our country because they would withdraw it at some point anyway.

“It’s just that earlier withdrawal implies a year of losses, that’s all. However when our country’s economy improves, they’d withdraw it anyway,” he said while presiding over the swearing-in ceremony of provincial councillors at Battambang Provincial Hall on Monday.

In full: https://www.phnompenhpost.com/national/laundering-more-pressing-eba

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