The volume of merchandise traded between Cambodia and Germany reached $435.518 million in the first five months of 2023, down 12.58 per cent year-on-year and down 20.04 per cent half-on-half, even though May saw the best results year-to-date, according to Customs (GDCE).
The volume of merchandise traded between Cambodia and Germany reached $435.518 million in the first five months of 2023, down 12.58 per cent year-on-year and down 20.04 per cent half-on-half, even though May saw the best results year-to-date, according to Customs (GDCE).
Prime Minister Hun Sen reiterated that the EU’s partial suspension of its ‘Everything But Arms’ (EBA) trade scheme did not significantly hinder the country’s exports to the bloc.
Cambodia needs to strengthen her resilience as in 2027, Cambodia will no longer be eligible for EBA (Everything But Arms) scheme when the Kingdom graduates from a lower middle-income economy to an upper middle-income economy.
Prime Minister Hun Sen reiterated that the EU’s partial suspension of its ‘Everything But Arms’ (EBA) trade scheme did not significantly hinder the country’s exports to the bloc. He also hinted that the programme might be completely withdrawn in 2027, when Cambodia is expected to no longer be classified as a Least Developed Country (LDC).