Cambodia’s textile and garment industry is hit in a big way! The country’s textile sector will no longer be able to get any benefits as European Union (EU) has announced to partially cut tariff preferences.
Come August 2020 and Cambodia will have to pay duty on exports of certain types of apparels and footwear products.
Effective precisely from 12 August 2020, the decision will affect Cambodian exports of over 1 billion euros.
The decision follows recent visit to the country of Brussels delegation, which found that the existing Government in Cambodia outlawed the opposition.
Speaking on this, Josep Borrell, a high representative of the Commission for foreign policy, averred “The duration, scale and impact of violations of rights to political participation and freedom of expression in Cambodia have left the EU with the only option to partially withdraw the preferences.”
Josep also said that EU will not stand still, ignoring corrosion of democracy and violation of human rights. He demanded Cambodian authorities to take necessary action.
Reportedly, Cambodian Prime Minister Hun Sen has refused to bow down to foreign demands.