Cambodian Economy: Trading Arrangements and Arms Scheme

cambodian economy: If the country is excluded permanently from EBA and other preferential trading arrangements, the associations warned, their sectors and the Cambodian economy will take a serious hit, according to The Japan Times. Hun Sen claims that the international community is unfairly singling out Cambodia. Already, Cambodia's tax-free access to the vast European Union market, granted under the EU's Everything But Arms scheme, is in danger of being suspended over such violations. But the truth is that intensifying pressure on the country is consistent with a broader global shift, in which investment is increasingly guided even dictated by environmental, social and governance ESG factors. ; Gone are the days when strong ESG performance was a nice bonus for investors. Investment decisions by emerging market funds are thus increasingly preceded by rigorous ESG screenings screenings that, after 34 years of Hun Sen's dictatorial rule, Cambodia has no chance of passing. Pension trustees and fund managers now insist that the companies in which they invest operate in ethical, transparent ways that limit reputational risk. (news.financializer.com). As reported in the news.