European Union aid

Highlights: Vietnam’s National Assembly on June 8 ratified the EVFTA and the EVIPA agreements between Vietnam and the EU. Analysts hope the trade deal will give a much-needed boost to Vietnam’s economy as it looks to recover from the COVID-19 pandemic. The agreement is expected to take effect sometime ...

In an effort to ensure the legality of its entire timber supply chain and exports, Viet Nam has developed a draft Timber Legality Assurance System (VNTLAS) Decree to go into effect later this year. VNTLAS is a part of Viet Nam’s Voluntary Partnership Agreement (VPA) with ...

Investigators have uncovered a scheme by European timber traders to evade E.U. laws by supplying Myanmar teak to the continent’s marine sector, including for decking on superyachts. The investigation by the Environmental Investigation Agency (EIA) was based on documents obtained from the Croatian agriculture ministry. The documents detailed ...

The European Union and the French Development Agency (AFD) have established a 20-million-euro ($21.5 million) fund to help Vietnam deal with climate change. The EU will provide the money as a non-refundable grant to the AFD to run the fund. The latter will in turn provide loans ...

The E.U. has listed Cambodia as one of 12 “high-risk” countries with deficient anti-money laundering and counter-terrorism financing efforts, but the government on Friday said officials were working hard to get the nation off international watch lists. The European Commission on Thursday adopted a new list ...

The European Union (EU) said it will provide €5 million (K7.9 billion) in cash to support garment workers in Myanmar who have been affected by COVID-19. The Myan Ku (Quick Assistance) emergency cash fund will go directly to cut, make, pack (CMP) workers who have lost ...

On February 12, the European Union Commission pulled the plug on Cambodia’s Generalised Scheme of Preferences (GSP), citing “serious and systematic violations of human-rights principles,” partially withdrawing the country’s preferential access to the EU. The decision resulted in uncertainty for Myanmar’s industries, especially the garment and shoemaking ...

Cambodia’s government is preparing for the European Union to partially and temporarily remove the country’s Everything But Arms (EBA) trade privileges on Wednesday, in the wake of a 2018 political crackdown. The EU warned Cambodia last February it would withdraw the scheme unless it made more effort to improve the ...

Vietnam always treasures relations with the European Union (EU), and is willing to discuss with the bloc issues of mutual concern, said Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh on December 15. He made the statement while meeting with EU High Representative ...

In a scathing report, the European Union warned Cambodia that it has not taken enough steps to prevent a loss of its special trade privileges, noting particularly “further deterioration” of its human rights record since a review process was launched nine months ago. The confidential 70-page ...