Sorasak said the agreement means a lot to Cambodia's economy as it gives greater market access to the country's products.
The bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
The United States should recalibrate the policy of rule of law, said Chris Marlin, president of Lennar International, adding that U.S. laws target certain kinds of countries and actors in a way that may appear to others as discriminatory.
"China will continue to promote global peace and development and uphold the international order," he added. Enditem
In March, Yunnan Province dispatched a medical team to aid the pandemic prevention and control efforts in Laos, and donated 4.17 million yuan worth of anti-pandemic materials. Enditem
It is "a very negative trend that we need to defend ourselves against," Allen said, adding that both sides should work on building up mutual trust, "which is at a historic low right now."
"This very huge market access enables Cambodia to diversify its products and markets and reduce over-reliance on a few trading partners, i.e., Europe, U.S., and Canada, who traditionally trade with Cambodia on a concessional basis such as Everything But Arms (EBA), Generalized System of Preferences (GSP)," he said.
The so-called "Report on Protecting United States Investors from Significant Risks from Chinese Companies" has recommendations such as enhancing listing standards on U.S. exchanges for access to audit work papers.
China is committed to the policy of "one country, two systems," Wang reiterated, saying that with the strong support from the mainland, an improved legal environment, and the united efforts of the Hong Kong compatriots, China can surely uphold and better implement the policy of "one country, two systems."
A medic performs COVID-19 testing at a Chinese-built lab in Baghdad, Iraq on July 29, 2020. (Xinhua)
In his most recent exclusive interview with Xinhua, Wang called on the U.S. government to give up its failed attempts to destabilize the country and to respect China's socialist system.