EBA Lifting is Offical!
- Bong Burgundy
- A Moment of Clarity
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EBA Lifting is Offical!
Selected garments and footwear exports will now face tariffs, along with all travel goods and sugar, according to the European Commission’s report.
The European Commission has today announced that it will withdraw roughly 20 percent of Cambodia’s access to the Everything But Arms (EBA) preferential trading scheme, equivalent to €1 billion of trade. This comes after 24 months of speculation since the EU first voiced concerns over Cambodia’s democratic backsliding, and numerous violations of human and labor rights.
High Representative for Foreign Affairs and Security Policy, Josep Borrell, who also serves as the Vice-President of the European Commission said “The duration, scale and impact of Cambodia's violations of the rights to political participation and to the freedoms of expression and association left the European Union with no other choice than to partially withdraw trade preferences.
“The European Union will not stand and watch as democracy is eroded, human rights curtailed, and free debate silenced. Today's decision reflects our strong commitment to the Cambodian people, their rights, and the country's sustainable development. For the trade preferences to be reinstated, the Cambodian authorities need to take the necessary measures.”
EU Trade Commissioner, Phil Hogan noted that human rights are non-negotiable for the trading bloc and that serious concerns remain over the Hun Sen administration’s abuses in these matters. Hogan went on to explain the EU will continue to work with Cambodia to help the Kingdom develop socially and economically.
Key products that have been hit include garments, footwear, textiles, travel goods such as suitcases and trunks, along with sugar, but this list is far from exhaustive and a full investigation of the Harmonized Systems codes listed in the EU’s 17-page document will need to be conducted before Hun Sen can truly count the cost of his actions.
This will come as a massive blow to the Kingdom’s garment manufacturing sector, which has been one of the main beneficiaries of the agreement since its inception in 2001. Cambodian exports of garments and footwear to the EU were valued at €4.6 billion in 2018 and made up over 86 percent of the €5.3 billion total. EBA previously guaranteed quota-free and duty-free access on 7,200 products from Cambodia, although today’s decision reduces that significantly.
In the same year, Cambodia was the 57th largest supplier of goods to the US. Cambodian exports were valued at $3.8 billion, up 24.8 percent from 2017 with the majority of goods exported falling under the US Generalized System of Preferences (GSP), allowing duty-free access to the US market for some 5000 products.
The Ministry of Foreign Affairs and International Cooperation is yet to comment on the matter.
https://cambodianess.com/article/cambod ... suspension
The European Commission has today announced that it will withdraw roughly 20 percent of Cambodia’s access to the Everything But Arms (EBA) preferential trading scheme, equivalent to €1 billion of trade. This comes after 24 months of speculation since the EU first voiced concerns over Cambodia’s democratic backsliding, and numerous violations of human and labor rights.
High Representative for Foreign Affairs and Security Policy, Josep Borrell, who also serves as the Vice-President of the European Commission said “The duration, scale and impact of Cambodia's violations of the rights to political participation and to the freedoms of expression and association left the European Union with no other choice than to partially withdraw trade preferences.
“The European Union will not stand and watch as democracy is eroded, human rights curtailed, and free debate silenced. Today's decision reflects our strong commitment to the Cambodian people, their rights, and the country's sustainable development. For the trade preferences to be reinstated, the Cambodian authorities need to take the necessary measures.”
EU Trade Commissioner, Phil Hogan noted that human rights are non-negotiable for the trading bloc and that serious concerns remain over the Hun Sen administration’s abuses in these matters. Hogan went on to explain the EU will continue to work with Cambodia to help the Kingdom develop socially and economically.
Key products that have been hit include garments, footwear, textiles, travel goods such as suitcases and trunks, along with sugar, but this list is far from exhaustive and a full investigation of the Harmonized Systems codes listed in the EU’s 17-page document will need to be conducted before Hun Sen can truly count the cost of his actions.
This will come as a massive blow to the Kingdom’s garment manufacturing sector, which has been one of the main beneficiaries of the agreement since its inception in 2001. Cambodian exports of garments and footwear to the EU were valued at €4.6 billion in 2018 and made up over 86 percent of the €5.3 billion total. EBA previously guaranteed quota-free and duty-free access on 7,200 products from Cambodia, although today’s decision reduces that significantly.
In the same year, Cambodia was the 57th largest supplier of goods to the US. Cambodian exports were valued at $3.8 billion, up 24.8 percent from 2017 with the majority of goods exported falling under the US Generalized System of Preferences (GSP), allowing duty-free access to the US market for some 5000 products.
The Ministry of Foreign Affairs and International Cooperation is yet to comment on the matter.
https://cambodianess.com/article/cambod ... suspension
Bringing the news. You stay classy, nas, Cambodia.
“Selected garments”
I’d imagine it’s watered down to make them (EU) not look like a better bunch of Eurocrats.
I’d imagine it’s watered down to make them (EU) not look like a better bunch of Eurocrats.
pew, pew, pew, pew!
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- OneTrickPony
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- OneTrickPony
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Well, it certainly isn't as bad as 100%.
I gathered it is going to be 20% of the 5bn of goods, that used to be duty free, will now be taxed. Isn't it around 1 bn they used to have waived? If so , that's only 200 mil. He has around 2.5 bn in the yearly budget set aside for 'other' anyway.
Take it up with the PM. They gave him every chance over a very long period of time and all he could do was insult and threaten.
Oh, I forgot, nothing to do with him. It was those criminals that tried to overthrow the government by having a go at winning a legal election.
please!
Up the workers!
- Bong Burgundy
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Impressive figures that prove beyond a doubt that Cambodia is a model of democracy.
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- OneTrickPony
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- Stokely
- Least Likely to be a Moderator, ever !
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Bloody democracy.
It sounds like a good idea until you realise that people who write "would of" are allowed to vote.
It sounds like a good idea until you realise that people who write "would of" are allowed to vote.
"Now, then, in order to understand white supremacy we must dismiss the notion that white people can give anybody their freedom." Stokely Carmichael
- Miguelito
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Or a man and woman that cannot read or write, and have six more illiterate kids, will accumulate eight votes in the family. But if you and your wife are college educated, and choose to have a sensible two children, your family will eventually end up with four votes. So, in the end the uneducated poor masses will have twice the voting power than your family.
Yea, seems like a great system
- Lucky Lucan
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Vietnam is being favored yet is hardly democratic, do they even have elections?
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
- Miguelito
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Vietnam is getting the "carrot" and being rewarded, although it's a single-party socialist republic.Lucky Lucan wrote: ↑Thu Feb 13, 2020 9:49 amVietnam is being favored yet is hardly democratic, do they even have elections?
But not that that matters, Laos and Myanmar still have full EBA benefits, as do other bastions of democracy, free press, and humanitarian rights, such us Eritrea.
If you're not familiar with Eritrea, it is sometimes known as the "North Korea of Africa".
It's not a simple matter to drop by a friend's house for dinner in Eritrea. If the meal is to be attended by at least three guests from various families, the authorities already consider it a gathering that requires a special permit. Nor would travel to an adjacent village be possible without a similar permit. And if you have an urge to write a song on a slip of paper, you need to be mindful that it could be construed as anti-government propaganda that could land you in jail.
Eritrea truly deserves its nickname as the "North Korea of Africa." Limitations on freedom of movement are just the tip of the iceberg in this East African country that is among the harshest dictatorships in the world. The group Reporters Without Borders ranks the place 179th among 179 countries when it comes to freedom of expression, even lower than North Korea itself.
One of the most glaring reflections of the harshness of the regime in Asmara, the Eritrean capital, is the mandatory military service that citizens on average serve from age 18 until they are 55 and which has spurred many to flee. A spokeswoman for Amnesty International in Israel notes that in a country where the average life expectancy is 61 or 62, this means many spend their entire adult lives in the army, frequently facing hard labor and meager wages
But, yea, Cambodia is worse...