"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.
By 2019, the European Union had been China's top trade partner for 16 consecutive years, with a total trade volume exceeding 700 billion U.S. dollars for the first time last year, he said.
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.
In his message, Xi said he was shocked to learn about the huge explosions in Beirut, which caused heavy casualties.
"If China were to mimic Trump's gambit -- alleging, without providing evidence, that some U.S. multinationals are potential national-security threats -- it could force them to sell their operations to 'very Chinese' buyers. Although the Chinese government has not yet done so, the risk has become higher now," said Wei, who served as chief economist of Asian Development Bank during 2014-2016.
Chinese FM urges U.S. to give up failed interventionism
Given Beijing's willingness to cooperate, Castrillon believed the U.S. administration's disputes had less to do with policy than with trying to get re-elected in November.
In the meantime, China will firmly defend its sovereignty, security and development interests, because this is a legitimate right inherent in China being an independent sovereign state, Wang stressed.
Over the past 40 years and more since the two countries entered into diplomatic ties, several generations of Chinese and Americans have worked together to advance China-U.S. relations, Wang said.
Chinese State Councilor and Foreign Minister Wang Yi gives an exclusive interview to Xinhua on China-U.S. ties in Beijing, capital of China, Aug. 5, 2020. (Xinhua/Zhai Jianlan)
Li said in his congratulatory message that China and Sri Lanka enjoy traditional friendship, and recent years have seen their strategic partnership developing vigorously, which features sincere mutual help and time-hornored friendship, and their practical cooperation in various fields constantly broadening and deepening.