Banks say they are prepared for the potential loss of duty-free trade with the EU under the “Everything But Arms” scheme, with some downplaying the likely economic impact while others say they are ready to activate contingency plans in case of economic slowdown.
Prime Minister Hun Sen on Thursday downplayed the potential impact of losing duty-free trade with the EU, saying Cambodia’s economy was already outgrowing the “Everything But Arms” (EBA) deal, which is reserved for least developed countries.
Even as the EU’s decision to potentially sanction Cambodia looms, Prime Minister Hun Sen on Monday insisted that the criticized treason case against opposition leader Kem Sokha could still take months to resolve.
Cambodia National Rescue Party (CNRP) co-founder Sam Rainsy said on Saturday that he had returned to France, one week after his promised return to Cambodia saw him diverted to Malaysia and Indonesia for a series of meetings with parliamentarians.
A Phnom Penh Municipal Court judge on Friday closed the investigation into the treason charge against Cambodia National Rescue Party (CNRP) leader Kem Sokha more than two years after his arrest.