19 March 2014
European Union (EU) Trade
Commission said EU has no plans to launch an investigation into Cambodia’s
much-criticized sugarcane plantations after meeting Cambodia government
official in Phnom Penh. Cambodia’s free trade benefits to Europe are safe for
the foreseeable future.
The announcement made by
soft-drinks giant PepsiCo that it was joining rival Coca-Cola in declaring
“zero tolerance” for land grabs by sugar suppliers. Now, both companies are
starting audits of their supply chains, checks that will reach Cambodia.
But it has been
Cambodia’s sugar exports to EU, which more than tripled to $53 million last
year that have grabbed most attention. Instead of an investigation, EU’s
delegation to Cambodia has started talks with the government. EU hopes to
convince the government to find a comprehensive solution for the thousands of
families that lost land to sugarcane plantations.
http://www.cambodiadaily.com/news/sugar-exports-to-stay-duty-free-eu-trade-czar-says-54447/
No comments:
Post a Comment