EU to send another monitoring mission to Myanmar, ambassador says

An EU monitoring mission is expected to visit Myanmar again before this summer following the EU commission’s decision to withdraw Cambodia’s market privileges in mid-February. Kristian Schmidt, the EU ambassador to Myanmar, told The Myanmar Times in an exclusive interview that he expects the mission to arrive before summer with an aim to examine and […]

Brussels withdraws Cambodia’s market privileges over rights violations

The European Commission has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme due to the serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights. The withdrawal of tariff preferences and their replacement […]

‘EU to continue engaging with Myanmar under EBA trade-preference initiative’

The European Union (EU) says it will continue to engage with countries, including Myanmar, that fall under its Everything But Arms (EBA) trade initiative. EBA is an initiative under which all imports to the EU from the Least Developed Countries are duty-free and quota-free, with the exception of armaments. The initiative is part of the […]

Cambodian PM: Closure of factories, lay-offs not linked to EBA

The Phnom Penh Post/ANN – Prime Minister Hun Sen on Tuesday reiterated that any factory closure or mass lay-offs in the upcoming months would not be a consequence of losing the EU’s Everything But Arms (EBA) scheme. Speaking during a groundbreaking ceremony for stretches of national roads 2 and 22, Hun Sen said a few […]

Amnesty for Reuters reporters seen easing EU trade tensions

The release of two Reuters reporters and some 20 other political prisoners may help ease tensions with the EU but the government will need to do more to maintain Myanmar’s trade privileges, according to business leaders in Yangon. Wa Lone and Kyaw Soe Oo, jailed for more than 500 days, were freed on May 7 […]

EU trade threat could make cambodian factories worse for workers: Unions

The European Union’s move to revoke Cambodia’s duty-free access could force major clothing brands out of the manufacturing hub and worsen conditions for workers, industry experts said. Cambodia has six months to convince its biggest export market that it has arrested a backslide on human rights and democracy. If it fails, the EU will strike […]

EU investments set to surge after protection deal

Investments from the European Union member countries are likely to surge after signing of the EU-Myanmar investment protection agreement, said a senior EU official. Antonio Berenguer, EU’s head of trade and economic affairs, said that the agreement would encourage investment from Europe by improving legal certainty and predictability surrounding investments. “This agreement aims to provide […]