by Oldnews » Wed Nov 22, 2017 10:07 am
Re that Bangkok Post article:
It's very hard to see how Cambodia would make up for the substantial loss to the exports markets the EU and US provide. It's top export product is clothing. Other exports are Timber, Rubber, Rice, Fish, Tobacco and Footwear, in pretty much that order. China doesn't want clothes or shoes, nor does Russia, although it is increasing its rubber imports, but in no stretch of the imagination could it ever make up for the billions lost if the EU and US were to pull out of Cambodian markets. The economy would take a direct hit and I can't see China supplying an endless amount of money to make up for it over a prolonged period.
Especially seeing as the Philippines etc are moving closer to China. ( see Strangio -
https://asia.nikkei.com/Viewpoints/Seba ... age?page=1) After all, what really has a tiny country of 16 million got to offer a giant like China apart from its ASEAN vetoing power?
Troubling times ahead I think, but only if both the EU and US put their money where their mouth is.
Re that Bangkok Post article:
It's very hard to see how Cambodia would make up for the substantial loss to the exports markets the EU and US provide. It's top export product is clothing. Other exports are Timber, Rubber, Rice, Fish, Tobacco and Footwear, in pretty much that order. China doesn't want clothes or shoes, nor does Russia, although it is increasing its rubber imports, but in no stretch of the imagination could it ever make up for the billions lost if the EU and US were to pull out of Cambodian markets. The economy would take a direct hit and I can't see China supplying an endless amount of money to make up for it over a prolonged period.
Especially seeing as the Philippines etc are moving closer to China. ( see Strangio - https://asia.nikkei.com/Viewpoints/Sebastian-Strangio/One-party-Cambodia-s-grim-message?page=1) After all, what really has a tiny country of 16 million got to offer a giant like China apart from its ASEAN vetoing power?
Troubling times ahead I think, but only if both the EU and US put their money where their mouth is.