What is EBA mean in Cambodia?

How is EBA important to Cambodia?

The remaining 80 percent of Cambodia’s exports continue to enjoy preferential (duty-free, quota-free) access to the EU market. The EBA has played an important role in Cambodia’s economic growth and development for years.

What are the EBA and GSP?

Standard GSP for low and lower-middle income countries. This means a partial or full removal of customs duties on two third of tariff lines. … EBA (Everything But Arms): the special arrangement for least developed countries, providing them with duty-free, quota-free access for all products except arms and ammunition.

What countries trade with Cambodia?

In 2019, Cambodia major trading partner countries for exports were United States, Japan, Germany, China and United Kingdom and for imports they were China, Thailand, Vietnam, Japan and Other Asia, nes.

What products are exported and imported into Cambodia?

In 1996, a textiles factory opened. In 2000, major export commodities were timber, garments, rubber, rice, and fish. Major import commodities were cigarettes, gold, construction materials, petroleum products, machinery, and motor vehicles.

Cambodia – Foreign trade.

COUNTRY United States
EXPORTS 293
IMPORTS 39
BALANCE 254

Is Cambodia a GSP country?

Cambodia became a GSP beneficiary in 1997 and in 2016 exported nearly $179 million duty free to the United States under the program. … Under the GSP program, certain products from 120 beneficiary developing countries and territories can enter the United States duty-free.

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What is the EBA scheme?

Everything but Arms (EBA) is an initiative of the European Union under which all imports to the EU from the Least Developed Countries are duty-free and quota-free, with the exception of armaments. EBA entered into force on 5 March 2001.

What is EBA from EU?

Overview. The EBA is the EU agency tasked with implementing a standard set of rules to regulate and supervise banking across all EU countries. Its aim is to create an efficient, transparent and stable single market in EU banking products.

What does Cambodia buy from Asean countries?

Within the region, Cambodia has exported mainly the agricultural products, while the main import from ASEAN countries are fertilizer, chemicals, vehicles and textile.