
Cambodia has made significant progress on reducing poverty since its transition to democracy in the 1990s, yet millions still remain at risk of falling back into destitution given the nation’s shaky dependence on foreign money, both from trading partners and aid donors. That’s why many Cambodians will be desperately hoping the European Union’s recent threat to suspend valuable trade preferences does not actually come to fruition. In early October, the EU announced that it was formally looking into removing Cambodia’s special trade status, known as “Everything But Arms,” which gives developing nations duty-free access to export into Europe. European Trade […]