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.
"Wang Yi emphasized that, saying China is willing to restart mechanisms for dialogue with the United States at any level, in any area and at any time. And that is precisely what the Chinese government has done," said Castrillon, who specializes in U.S. and Chinese affairs.
"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 bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
These actions will by far create trade unpredictability and render the domino effect through the introduction of such policy by other members as retaliations, he added.
The Chinese diplomat said the recent allegations against Chinese consulate in Houston or any of Chinese diplomatic missions in the United States are "totally groundless."
Sorasak said the recent rising tendency in protectionism and unilateralism poses a severe hindrance to the global effort undertaken at the World Trade Organization (WTO) and beyond.
UN Women Executive Director Phumzile Mlambo-Ngcuka called for more attention to women's contributions to COVID-19 response and recovery, as well as better global cooperation to build a more inclusive and equal world.
"We urge the U.S. side to heed rational voices from within and from the international community, correct its wrongdoing, refrain from politicizing economic issues and stop suppressing relevant enterprises, to create a fair, just and non-discriminatory environment for companies worldwide to have normal business operations and investments," Wang added. Enditem
NEW YORK, Aug. 13 (Xinhua) -- Business leaders from both the United States and China have called for recalibrating U.S. policies on China and building up bilateral trust via dialogue, as Chinese companies operating in the United States become less satisfied with the investment and business environment in the country.
"Foreign companies, including European ones, were part of the story of China's development, and we believe they will continue to be part of the successful story of China's development and win-win cooperation," he added.