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Trade

Cambodia loses EU tariff privileges on $1bn worth of trade

Southeast Asian nation's top trading partner cites human rights violations

Women work on a  production line at a shoe factory in Kampong Speu, Cambodia.   © Reuters

BRUSSELS -- The European Union said Wednesday that it will strip Cambodia of its preferential market access because of "systematic violations" of human rights, a decision that will raise tariffs on apparel and other goods made in the Southeast Asian country.

The higher tariffs will hit one-fifth of Cambodia's annual exports to the EU, or around 1 billion euros ($1.09 billion) in goods, the European Commission said.

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