The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region.
Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election was “marked by harassment and intimidation.” The bloc is threatening to do the same for Myanmar due to genocide allegations, and a Reuters report said Sri Lanka may be next on the list.
If the EU follows through, the moves risk hurting garment sectors that employ nearly