No Change To Britain’s Bilateral Trade With Cambodia Despite Brexit

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Cambodian Prime Minister Hun Sen (left) shakes hands with Lord Puttnam, the British Prime Minister’s UK Trade and Cultural Envoy, during their meeting on Tuesday in Phnom Penh. AKP.GOV.KH

There are no signs of change to bilateral trade between the United Kingdom and Cambodia despite ongoing negotiations on the UK’s position within the European Union, visiting British Trade Envoy Lord Puttnam was quoted as saying on a video posted to Prime Minister Hun Sen’s Facebook page which showed them meeting on Tuesday.

British citizens voted to leave the EU on June 23 via a referendum dubbed ‘Brexit’, with the resulting reaction from global markets causing the British pound to fall to its lowest level since 1985.

Thanks to its Everything But Arms agreement with the EU, the UK is currently one of the largest export markets for Cambodia, with Hun Sen stating they had exported some $882 million worth of goods to Britain via the EU prior to Brexit.

“But now, we have to negotiate with Britain on whether we still can export under that trade agreement. We want to know whether we can still get preferential trade privileges, as we used to previously,” added the Premier.

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