Cambodia stands to lose nearly US$700 million per year if the European Union suspends its preferential trade treatment in response to the government’s crackdown on the country’s main opposition party, according to a document seen Wednesday. Cambodia’s highest court dissolved the main opposition party in November, leaving authoritarian Prime Minister Hun Sen clear to extend more than three decades of power in next year’s election as rights groups decried the death of democracy. A senior official from Cambodia’s recently dissolved opposition party has rejected a suggestion by Hun Sen to “form a new political party” ahead of upcoming elections, calling it a tactic meant to “defuse international pressure” over ongoing restrictions on democracy.