Kampuchea: 250 Clothing Closes, 130 Thousand Unemployed, Letter To The EU "Seeking" Tax Exemption

Recently, the Kampuchea Garment Manufacturers Association (GMAC), Kampuchea Footwear Industry Association (CFA) and Kampuchea European Chamber of Commerce (EuroCham) have recently written to the European Commission to request the European Commission to extend all preferential tax exemption (EBA) except weapons for 12 months.

Kampuchea Garment Manufacturers Association, Kampuchea footwear industry association and Kampuchea EU Chamber of Commerce said that the new crown pneumonia epidemic disrupted production activities and reduced global demand, causing serious losses to Kampuchea's clothing, shoemaking and travel products manufacturing industries.

Production activities in 250 garment enterprises in Kampuchea were stagnated, and more than 130 thousand workers (mostly female workers) were unemployed.

In the first quarter of this year, many customers in Kampuchea cancelled orders for garments, footwear and travel products. Therefore, the sales volume of the above products will drop by 50%-60% compared with the same period last year.

Van Sou Ieng, chairman of the Kampuchea Garment Manufacturers Association, believes that if the EU insists on withdrawing part of EBA preferential treatment in Kampuchea in August 12th, the industry will be "worse."

Arnaud Darc, chairman of the European Union Chamber of Commerce in Kampuchea, said the outbreak of the new crown pneumonia had a serious impact on the global economy, including Kampuchea. The EU is Kampuchea's largest trading partner. In 2018, the total volume of Kampuchea's exports to the EU accounted for 45% of the total merchandise exports of the country, valued at $5 billion 500 million.

Adidas decided to close all the stores in the United States again.

According to US media reports, the German sportswear brand Adidas stores in Losangeles, Chicago and New York have been ransacked in varying degrees in the past weekend. In order to avoid further losses, the brand decided to close all the stores in the United States again. Kasper Rorsted, chief executive, pointed out earlier that the epidemic had a serious impact on the global retail industry and will face severe challenges in the future.

Nike Inc. donated $4000 million to support the black community

After the tragedy of George Floyd, the movement of black people's equal rights was launched on the streets or on the Internet. All the brands, organizations and celebrities jumped out to make a sound. After paying attention to the diversity of Nike, after the release of the movie "Don t Do It", it was more practical and effective to provide $4 at one time. $000 to support black communities, which will be widely used in organizations that promote social justice, eliminate racial discrimination and educate citizens.

"Systemic racism and emergencies in the past few weeks in the United States remind us that social needs are constantly changing. We understand Black Lives Matter. We must educate ourselves more deeply on the problems faced by the black community and understand the great pain and meaningless tragedies caused by racial bigotry." Nike Inc. chief executive and CEO John Donahoe said so. At the same time, he also pointed out that the Nike Inc. family will not be reluctant to set up an example of diversified companies, and do its best to serve the community.