UK to maintain Cambodia’s duty-free access

[geovalin]

Kali Kotoski

 

The British government has attempted to assuage the fears of least developed countries (LDCs) including Cambodia by assuring them that they will retain their trade privileges to the United Kingdom following the country’s exit from the European Union, something the International Labour Organization (ILO) has warned could put Cambodia’s critical garment and footwear industry on shaky footing.

 

A statement released on Sunday said that despite Brexit, the UK would continue to commit to protect its current trade relations with LDCs to help keep global prices for goods and commodities in check, as well as building on existing trade agreements with the world’s poorest countries.

 

The release was aimed to waylay uncertainty for the 48 LDCs that currently benefit from reduced or zero tariffs under the EU’s “Everything But Arms” agreement.

 

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-- © Copyright Phenom Pen Post 29/06

[William C F Pierce]

It just shows the difference between Cambodia and Thailand. One creates to earn and supply the UK economy, whilst the other just wants to take from the UK economy and give nothing for it.