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Cambodia ready for EU’s possible sanctions

Cambodia has unveiled some measures to support local manufacturers and exporters if the European Union (EU) temporarily strips trade preferences from the kingdom.

The EU began on Tuesday, Feb 12, the 18-month process that could lead to the temporary suspension of Cambodia’s duty-free trading access to the EU market under the Everything But Arms (EBA) scheme due to concerns over human rights and labor rights.

The Ministry of Commerce issued a statement late on Tuesday, saying that it has canceled the Export Management Fee (EMF) charges, meaning that local exporters are no longer required to pay for a certificate of origin (CO).

Also, the exporters are not required to apply for a CO if it is not required by authorities in the destination country.

Read more on Xinhua.

 

Source: Xinhua
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