EU Ambassador hopes Cambodia can maintain its EBA standing
EU Ambassador to Cambodia Carmen Moreno has informed Overseas Affairs Minister Prak Sokhonn that she hopes Cambodia can maintain its entry to the EU’s Every little thing-but-arms (EBA) settlement, stated the ministry spokesman Koy Kuong.
Talking to reporters after a gathering at the moment, Mr Kuong stated that in the course of the assembly, Ambassador Moreno has promised to work carefully with the federal government in enhancing partnership between Cambodia and the EU.
“It’s true that Ambassador Moreno has good objective. In the beginning, she needs to reinforce cooperative partnership with Cambodia, which means that she needs to see the increase the cooperation to the following ranges. Due to this fact, all of the accesses that Cambodia has with the EU also needs to stay,” Mr Kuong stated.
Mr Kuong stated that Ambassador Moreno additionally mentioned on the significance and methods for Cambodia to retain EBA, noting that Cambodia has accessed to EBA settlement since 2001.
“The Negotiations on the EBA between Cambodia and Europe are effectively underneath manner, with the European Union sending delegates to research for the reality in Cambodia, and Cambodia is at all times welcome. Cambodia additionally exchanged visits to the European Union to clarify what actually occurred within the nation,” he stated.
In February, the European Union began a six-month means of intense monitoring and engagement that might result in the short-term suspension of Cambodia’s preferential entry to the bloc’s market underneath the EBA commerce scheme.
With duty-free entry underneath the EBA, EU is Cambodia’s greatest marketplace for textile and garment merchandise, bicycles and agricultural merchandise.