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Cambodia to lose access to EU markets for disregarding human rights

The EU had recently warned Cambodia that it will lose duty-free access to the world’s biggest market within 12 months for its “blatant disregard” of human and labor rights standards attached to trade preferences it is granted as a developing nation. The Union has warned that unless the government takes significant actions to redress an autocratic backslide including reinstating the country’s banned opposition in the next six months; the “Everything But Arms” (EBA) preferences will be withdrawn.

The country’s biggest industry, garment manufacturing in Cambodia accounts for about 40 per cent of the gross domestic product and some 800,000 jobs, while the EU is by far its largest export market, absorbing almost $6 billion worth of goods last year according to its own figures. The US has also initiated concrete punitive action against Hun Sen’s regime, sanctioning one of his top commanders in June. Many more members of his inner circle could also be tried under the Cambodia Democracy Act of 2018.

 

 
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