The move follows the EU decision made in February 2020 even though the Cambodian government and private sector have been trying to lobby the bloc not to implement or at least delay the withdrawal, according to the local media Khmer Times.
The Garment Manufacturers Association of Cambodia (GMAC) and the Cambodia Footwear Association (CFA) together with the European chamber of commerce have called again for the EU to postpone its partial withdrawal because of the devastating effect of COVID-19 on the industries, it reported.
The EU is Cambodia’s largest trading partner. The EU’s decision affects one-fifth (or 1.08 billion USD) of Cambodia’s annual exports to the union./.
CPV (Source: VNA)
- Oxford Economics forecasts CLMV’s garment sector prospect
- HCMC marks 67th Independence Day of Cambodia
- Vietnam imports 1.4 mln tonnes of Cambodian rice paddy
- Cambodia starts countdown to SEA Games 32
- Friendly football tournament held in Cambodia to mark Vietnam’s National Day
- Vietnam, Cambodia undertake joint naval patrol
- Vietnam attends ASEAN Banking Conference in Cambodia