EBA Lifting is Offical!
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
Did those other countries sign at least two legally binding agreements that they have gone back on?
They may well be able to trick barang into stealing their land with dodgy contracts and leases and a corrupt legal system, but it doesn't work so easily when they are dealing with the big boys.
They may well be able to trick barang into stealing their land with dodgy contracts and leases and a corrupt legal system, but it doesn't work so easily when they are dealing with the big boys.
Up the workers!
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
I get your point, but on the other hand, children often vote differently to their parents. And isn't it a prime duty of the elected leaders, or otherwise, to educate their uneducated citizens?Miguelito wrote: ↑Thu Feb 13, 2020 9:25 amOr 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
Even in the West, tax cuts have dire consequences.
Up the workers!
- ali baba
- "Suit up!"
- Reactions: 12
- Posts: 2982
- Joined: Sat Apr 16, 2011 5:46 am
- Location: Equadorian Embassy
What does that have to do with EBA membership? Vietnam's economy is significant enough for it to pursue a bilateral deal with the EU. Cambodia's isn't.Lucky Lucan wrote: ↑Thu Feb 13, 2020 9:49 amVietnam is being favored yet is hardly democratic, do they even have elections?
C'mere c'meye
- Lucky Lucan
- K440 Knight Captain
- Reactions: 761
- Posts: 22525
- Joined: Fri Mar 04, 2011 12:24 pm
- Location: The Pearl of the Orient
It has everything to do with it, haven't you read the report and the reasons given for the decision?
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
And put your signature to the agreement. To signify you agree to abide to its terms and conditions, and have understood the penalties for not doing so.
Up the workers!
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
I believe Myanmar is about to go through the same process.
Up the workers!
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
Cambodia: H&M Group comments on European Commission's decision to partially withdraw Cambodia's trade preferences
Author: H&M Group
"H&M Group comments on EU trade preference withdrawal for Cambodia", 12 February 2020
H&M Group strongly agrees with the EU’s aim to address serious human and civil rights violations in Cambodia. We have had consultations with the government on labour rights and freedom of association, and also to express concerns about the human rights situation. We are, together with local and international stakeholders, as well as other brands, continuously working to develop a sustainable textile industry…
Cambodia is an important production market for H&M Group. We placed our first orders in the country in the 90s and have been driving different social programmes on the ground to improve the livelihood and working conditions of garment workers…
The partial withdrawal of the EBA will have a negative impact on the employment of the people in the textile industry… Without an EBA, it will be difficult for Cambodia to create the necessary transformation of the textile industry, such as the development of an industry-wide collective bargaining agreement. It will negatively affect future investments, as well as predictability and trust, two crucially important elements of a well-functioning industry…
If Cambodia had complied with the EU’s requirements, as well as launched strategic initiatives essential for a modernised textile industry, …, the country would continue to be a very attractive sourcing destination…
However, due to a lack of adequate initiatives in developing the Cambodian textile industry, and a partial withdrawal of the EBA privileges, we will now further evaluate how the EU’s decision will impact our business and production strategy in Cambodia.
https://hmgroup.com/media/news/general- ... mbodi.html
Author: H&M Group
"H&M Group comments on EU trade preference withdrawal for Cambodia", 12 February 2020
H&M Group strongly agrees with the EU’s aim to address serious human and civil rights violations in Cambodia. We have had consultations with the government on labour rights and freedom of association, and also to express concerns about the human rights situation. We are, together with local and international stakeholders, as well as other brands, continuously working to develop a sustainable textile industry…
Cambodia is an important production market for H&M Group. We placed our first orders in the country in the 90s and have been driving different social programmes on the ground to improve the livelihood and working conditions of garment workers…
The partial withdrawal of the EBA will have a negative impact on the employment of the people in the textile industry… Without an EBA, it will be difficult for Cambodia to create the necessary transformation of the textile industry, such as the development of an industry-wide collective bargaining agreement. It will negatively affect future investments, as well as predictability and trust, two crucially important elements of a well-functioning industry…
If Cambodia had complied with the EU’s requirements, as well as launched strategic initiatives essential for a modernised textile industry, …, the country would continue to be a very attractive sourcing destination…
However, due to a lack of adequate initiatives in developing the Cambodian textile industry, and a partial withdrawal of the EBA privileges, we will now further evaluate how the EU’s decision will impact our business and production strategy in Cambodia.
https://hmgroup.com/media/news/general- ... mbodi.html
Up the workers!
kungfufighter wrote: ↑Fri Feb 14, 2020 12:19 pmCambodia: H&M Group comments on European Commission's decision to partially withdraw Cambodia's trade preferences
Author: H&M Group
"H&M Group comments on EU trade preference withdrawal for Cambodia", 12 February 2020
H&M Group strongly agrees with the EU’s aim to address serious human and civil rights violations in Cambodia. We have had consultations with the government on labour rights and freedom of association, and also to express concerns about the human rights situation. We are, together with local and international stakeholders, as well as other brands, continuously working to develop a sustainable textile industry…
Cambodia is an important production market for H&M Group. We placed our first orders in the country in the 90s and have been driving different social programmes on the ground to improve the livelihood and working conditions of garment workers…
The partial withdrawal of the EBA will have a negative impact on the employment of the people in the textile industry… Without an EBA, it will be difficult for Cambodia to create the necessary transformation of the textile industry, such as the development of an industry-wide collective bargaining agreement. It will negatively affect future investments, as well as predictability and trust, two crucially important elements of a well-functioning industry…
If Cambodia had complied with the EU’s requirements, as well as launched strategic initiatives essential for a modernised textile industry, …, the country would continue to be a very attractive sourcing destination…
However, due to a lack of adequate initiatives in developing the Cambodian textile industry, and a partial withdrawal of the EBA privileges, we will now further evaluate how the EU’s decision will impact our business and production strategy in Cambodia.
https://hmgroup.com/media/news/general- ... mbodi.html
Translation: Sod this. It's not worth the hassle. Does someone have the phone number for Bangladesh?
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
Could the government not subsidise the affected goods to the same amount?
It will probably still have an effect on investor confidence and maybe not very likely for the government to invest in something even if they have created the situation themselves, but in theory - isn't it possible?
It will probably still have an effect on investor confidence and maybe not very likely for the government to invest in something even if they have created the situation themselves, but in theory - isn't it possible?
Up the workers!
You believe the official reasons given then?Lucky Lucan wrote: ↑Thu Feb 13, 2020 2:03 pmIt has everything to do with it, haven't you read the report and the reasons given for the decision?
I guess it has nothing to do with HE being Xi's bitch and Vietnam being on "our" side in the current war with China.
None but ourselves can free our mind.
-
- OneTrickPony
- Reactions: 64
- Posts: 1640
- Joined: Tue Aug 20, 2019 12:48 pm
It seems like the PM has a mitigation plan sorted. Subsidies all round. But will it be enough?
"The Ministry of Economy and Finance on Tuesday issued two separate letters to its General Department of Taxation (GDT) and its General Department of Customs and Excise (GDCE) ordering immediate action to mitigate risk to the Kingdom’s economy.
This comes a day after Prime Minister Hun Sen unveiled policy to support the garment and tourism sectors, which have been hardest hit by the EU’s partial withdrawal of its Everything But Arms (EBA) scheme and the ongoing Covid-19 outbreak.
A ministry announcement on Tuesday said: “To support the garment and tourism industries and economic growth in the context of Covid-19 outbreak and the suspension of Everything But Arms, the government outlined a number of urgent actions for the GDT and the GDCE to follow and mitigate risk to the economy.”
The GDCE must extend its Green Lane customs clearance system to accommodate more imports of raw materials, accessories and parts to support production in the garment sector, the announcement said.
However, it must continue to implement post-clearance audit pursuant to the Law on Customs and relevant laws and regulations.
The department must work closely with the Garment Manufacturers Association in Cambodia (GMAC) to discuss with freight forwarders and customs brokers and determine fair service fees.
“To ensure efficient implementation, the GDCE must cooperate and coordinate with relevant stakeholders such as international port authorities and forwarders to ensure that all services are implemented smoothly and promptly,” the announcement said.
Speaking to reporters at the Peace Palace in Phnom Penh on Monday, Hun Sen said the government has drafted a four-point plan to navigate the crisis.
A small number of factories, he said, are likely to lay off employees in the coming weeks as they run out of raw materials – which come mostly from China – and are forced to shut down temporarily.
To face these issues, he said, the government has drafted a four-point strategy. First, it is considering a six-month to one-year tax moratorium for the worst-hit factories. The ministry has been charged with deciding if and how the moratorium will be granted.
The second and third points only concern factories that shut down their operations in the upcoming weeks due to a lack of raw materials. These factories will not be required to contribute to the National Social Security Fund while closed.
Likewise, these factories will have to pay workers only 40 per cent of the minimum wage, which now stands at $190. The government will pay workers 20 per cent of the minimum wage.
“In short, each worker will receive about 60 per cent of the minimum wages, amounting to $120,” he said.
The government on Monday unveiled an emergency tax moratorium of four months for hotels and guesthouses in Siem Reap province.
It also announced the suspension of the four per cent stamp duty tax on property worth less than $70,000 between this month and January next year.
The prime minister said: “The property tax exemption aims to support small and medium-sized property developers, and help low to middle-income earners obtain their own home.
“Moreover, sales of affordable housing project units, which originally targeted government officers, should be available to the public as well.”
The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB).
https://m.phnompenhpost.com/business/po ... rns-action
"The Ministry of Economy and Finance on Tuesday issued two separate letters to its General Department of Taxation (GDT) and its General Department of Customs and Excise (GDCE) ordering immediate action to mitigate risk to the Kingdom’s economy.
This comes a day after Prime Minister Hun Sen unveiled policy to support the garment and tourism sectors, which have been hardest hit by the EU’s partial withdrawal of its Everything But Arms (EBA) scheme and the ongoing Covid-19 outbreak.
A ministry announcement on Tuesday said: “To support the garment and tourism industries and economic growth in the context of Covid-19 outbreak and the suspension of Everything But Arms, the government outlined a number of urgent actions for the GDT and the GDCE to follow and mitigate risk to the economy.”
The GDCE must extend its Green Lane customs clearance system to accommodate more imports of raw materials, accessories and parts to support production in the garment sector, the announcement said.
However, it must continue to implement post-clearance audit pursuant to the Law on Customs and relevant laws and regulations.
The department must work closely with the Garment Manufacturers Association in Cambodia (GMAC) to discuss with freight forwarders and customs brokers and determine fair service fees.
“To ensure efficient implementation, the GDCE must cooperate and coordinate with relevant stakeholders such as international port authorities and forwarders to ensure that all services are implemented smoothly and promptly,” the announcement said.
Speaking to reporters at the Peace Palace in Phnom Penh on Monday, Hun Sen said the government has drafted a four-point plan to navigate the crisis.
A small number of factories, he said, are likely to lay off employees in the coming weeks as they run out of raw materials – which come mostly from China – and are forced to shut down temporarily.
To face these issues, he said, the government has drafted a four-point strategy. First, it is considering a six-month to one-year tax moratorium for the worst-hit factories. The ministry has been charged with deciding if and how the moratorium will be granted.
The second and third points only concern factories that shut down their operations in the upcoming weeks due to a lack of raw materials. These factories will not be required to contribute to the National Social Security Fund while closed.
Likewise, these factories will have to pay workers only 40 per cent of the minimum wage, which now stands at $190. The government will pay workers 20 per cent of the minimum wage.
“In short, each worker will receive about 60 per cent of the minimum wages, amounting to $120,” he said.
The government on Monday unveiled an emergency tax moratorium of four months for hotels and guesthouses in Siem Reap province.
It also announced the suspension of the four per cent stamp duty tax on property worth less than $70,000 between this month and January next year.
The prime minister said: “The property tax exemption aims to support small and medium-sized property developers, and help low to middle-income earners obtain their own home.
“Moreover, sales of affordable housing project units, which originally targeted government officers, should be available to the public as well.”
The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB).
https://m.phnompenhpost.com/business/po ... rns-action
Up the workers!