Cambodia Remains EU's Biggest Bike Supplier Despite Threat of Losing GSP+ Status
BRUSSELS, Belgium - There's again the threat that Cambodia could lose its duty-free export status on regular bicycles exported to the EU member states. That status is allowing companies operating in the country for a 14 percent import duty edge on countries that do not hold such status. It pushed Cambodia to be EU's leading supplier which also was the fact in the first half of 2019. However, its export to the EU showed a slight drop for the first time in years. Is it a first sign of much more to come?
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