Cambodia faces an economic collapse from the slated withdrawal of crucial European Union trade preferences that will likely force its leader to walk back a prolonged political crackdown, observers and labor groups say.
The EU told Cambodia on Friday it will lose duty-free access to the world’s biggest market within 12 months for its “blatant disregard” of human and labor rights standards attached to trade preferences it is granted as a developing nation.
Read more … Source :voanews