EBA meaning in Governmental ?

Answer:

What is Everything But Arms mean?

Everything but Arms (EBA) is an initiative of the European Union under which all imports to the EU from the Least Developed Countries are duty-free and quota-free, with the exception of armaments. EBA entered into force on 5 March 2001. There were transitional arrangements for bananas, sugar and rice until January 2006, July 2009 and September 2009 respectively. The EBA is part of the EU Generalized System of Preferences (GSP). The up-to-date list of all countries benefiting from such preferential treatment is given in Annex IV of the consolidated text of Regulation (EU) 978/2012.

The aim of the scheme is to encourage the development of the world's poorest countries.

Samoa, having graduated from LDC status in 2014 (becoming instead a developing country), was removed from the list of EBA beneficiaries on 1 January 2019.

On January 16, 2019, the European Commission decided to re-introduce import duties on rice from Cambodia and Myanmar. This was done because imports of Indica rice from both countries combined have increased by 89% in the past five rice-growing seasons. At the same time, the prices were substantially lower than those on the EU market and had actually decreased over the same period. This surge in low-price imports has caused serious difficulties for EU rice producers to the extent that their market share in the EU dropped substantially from 61% to 29%.

Cambodia lost its EBA status in 2020 over human rights concerns.

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