In 2001, the EU introduced the Everything But Arms (EBA) scheme allowing developing countries to import all kinds of goods into the European market except for weapons and ammunition with duty-free and quota-free.
Since the relief of the Rule of Origin requirement being relaxed from its original 30%, Cambodia has had a significant increase in rice and garment exports to the EU over the years due to the EBA scheme.
Following the EU’s announcement to review Cambodia’s EBA status, many concerns and fears have been felt among business leaders, manufacturers, and workers themselves. What does this mean for them?
On Monday, February 11, our Senior Partner, Matthew Rendall, moderated a panel discussion regarding Cambodia’s EBA status at a breakfast talk with EuroCham and BritCham.
The panel discussion focused on:
- Cambodia’s EBA current status
- The potential impact following the withdrawal of the EBA benefits on businesses.
The panellists included the European Union Ambassador to Cambodia, H. E. Mr. George Edgar, Mr. Heshanth Fernando, Regional Commercial Manager at Marks & Spencer, and Ms. Kohe Hasan, Partner at Reed Smith’s Singapore Alliance Partner Law Firm.