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Trade

Cambodia faces hammer blow as U.S. plans trade preferences review

Washington cautions investors over corruption, organized crime and human rights

Cambodia's Sihanoukville port: The U.S. will review Cambodia's eligibility for a trade preference scheme vital to its export-reliant economy. (Photo by Vann Soben)

PHNOM PENH -- Cambodia faces a potential hammer blow after the U.S. said it will review the country's eligibility for a trade preference scheme vital to its export-reliant economy.

A loss of favorable trade status would be disastrous for the country, particularly after the European Union, its second-biggest market, levied trade sanctions against Cambodia in 2020 over human rights abuses.

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