Cambodia exported $400 million in garments and textile products to the United States duty-free last year, according to GMAC.
The government has responded by playing down its dependence on EU trade, despite warnings from the industry and workers’ associations.
Prime Minister Hun Sen’s government has called the move to withdraw Cambodia from the Everything But Arms scheme was “has a political motive to drag Cambodia into geopolitical war.”
The EU has given Cambodia one year to improve the situation and engage with the EU to avoid having its privileges removed.
The European Union started an 18-month process that could lead to the suspension of Cambodia's duty-free trade access over its record on human rights and democracy.
Despite U.S. stock market recover, Macy's and American Airlines' revised revenue forecasts for 2018 have sent their stock prices spiraling. VOA Khmer's Sou Pichchinda narrates.
As trade war goes on, China joins WTO talks on e-commerce but conflicts expected
Some employers are warning of 'tough times' and talking about 'surviving' as economic growth slows and US-China trade war looms
While the capital of Phnom Penh undergoes a building boom and makeover, its poor cram onto scraps of land, including Smor San
Many Prek Achi Commune families have opted to send their children to South Korea, where some 54,000 Cambodians have found relatively well-paid jobs.
China's pledge followed a meeting between Prime Minister Hun Sen and Chinese President Xi Jinping on Monday on the third day of the prime minister's four-day visit to Beijing.