The EU’s tax free status partially withdrawn

[geovalin]

THE Kingdom’s annual $7 billion garment and textile sector will see the partial loss of a preferential zero-tax trade deal provided by the European Union (EU) from today as the Cambodia-China free-trade agreement (FTA) is on its way for final signing. The move follows the EU decision made in February even though the government and private sector has been trying to lobby the bloc not to implement or at least delay the withdrawal

 

The Garment Manufacturers Association of Cambodia (GMAC) and the Cambodia Footwear Association (CFA) together with the European chamber of commerce have called again and again for the European Union to postpone its partial withdrawal of what is known as the Everything but Arms (EBA) trade deal, because of the devastating effect of COVID-19 on the industries

 

However, Van Sou Ieng, chairman of GMAC, told Khmer Times yesterday that the GMAC together with relevant parties kept asking the EU to reconsider or delay the withdrawal “The EU may announce their decision tomorrow [today] but, as the private sector, we still continue our    job by continuing to ask the EU to delay the withdrawal,” he said, adding that the GMAC has asked for this ever since the EU’s decision

 

read more https://www.khmertimeskh.com/50753939/the-eus-tax-free-status-partially-withdrawn/

[blackcab]

An off topic post has been removed.

 

This topic is about Cambodia, not Thailand.

[Scott Tracy]

Once again. Judeo-Christian moral high ground at work again. They don't want anyone to trade with China. 

[mrfill]

2 hours ago, Scott Tracy said:

Once again. Judeo-Christian moral high ground at work again. They don't want anyone to trade with China. 

Really? Ask why the EBA is being suspended. Here's a clue..

On 12 February 2020, the European Commission announced that it has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme due to the serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights.

 

And what has Cambodia done about the "serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights."?  Nothing. Hence the suspension of preferential tariffs. Nothing to do with China.

[geovalin]

EU reinstates trade duties on some Cambodian imports over human rights violations

 

BRUSSELS (Reuters) - The European Union on Wednesday withdrew preferential market access to Cambodian products such as garments and footwear, hitting about a fifth of the country’s exports to the bloc over “serious and systematic concerns related to human rights”.

 

The EU first announced the move in February and the bloc’s Brussels-based executive said on Wednesday Cambodia made no amends since then, meaning the decision was now effective.

 

“The Cambodian authorities should take action to restore political freedoms in the country, to re-establish the necessary conditions for a credible, democratic opposition and to initiate a process of national reconciliation through genuine and inclusive dialogue,” the European Commission said.

 

Cambodia, which in 2018 was the second-highest beneficiary of EU’s Everything But Arms (EBA) scheme for trade support to the world’s poorest countries, started a broad crackdown on the opposition, civil society and the media ahead of an election that year.

 

- -  - -   REUTERS