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Southeast Asia Faces Trade-Based EU Rights Policy, Welcomes RCEP

Southeast Asia Faces Trade-Based EU Rights Policy, Welcomes RCEP
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Cambodia: Trade with EAEU surges 18% in 2020

Bilateral trade between Cambodia and the Eurasian Economic Union (EAEU) was worth $67.37 million last year, marking an increase of 18.22 per cent compared to 2019’s $56.98 million, according to data from the Ministry of Commerce. - Phnom Penh Post/ANN PHNOM PENH, Feb 14 (Phnom Penh Post/ANN): Bilateral trade between Cambodia and the Eurasian Economic Union (EAEU) was worth $67.37 million last year, marking an increase of 18.22 per cent compared to 2019’s US$56.98 million, according to data from the Ministry of Commerce. Of that, the Kingdom exported $52.19 million, inching up 0.73 per cent year-on-year from $51.81 million in 2019, and imported $15.18 million, ballooning a colossal 193.57 per cent from $5.17 million.

Trade with EAEU surges 18%

UK-Africa trade: What will Brexit change?

As part of its post-Brexit global vision, Britain is hosting a UK-Africa trade conference. But its new trade deals fail to offer African nations much extra as Britain falls behind as a trading partner on the continent.

2020: Factory closures & export losses in Southeast Asia

Fibre2Fashion Toggle navigation 23 Pic: I Love Coffee dot Today / Shutterstock.com Similar pandemic-induced problems of supply chain disruptions, factory closures and export losses were observed in all the five major textile-garment producing nations in the Southeast Asian region, viz. Cambodia, Vietnam, Indonesia, Myanmar and the Philippines. The year also saw signing of the Regional Comprehensive Economic Partnership.   For the textile-garment industry in Cambodia, the biggest development of the year was the February 12 decision by the European Commission to partially suspend the ‘Everything But Arms’ (EBA) trade benefit for the country over human rights concerns, writes assistant editor Dipesh Satapathy in the January 2021 edition of Fibre2Fashion as he looks back at the year that was. The EBA withdrawal became effective on August 12. 

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