PHNOM PENH, Aug. 7 (Xinhua) -- The free trade agreement (FTA) between Cambodia and China will undoubtedly promote stronger trade and investment ties between the two countries, Cambodia's Commerce Minister Pan Sorasak said in a recent interview with Chinese media.
Noting that China attaches great importance to developing relations with Sri Lanka, Li said that China is willing to consolidate its traditional friendship with Sri Lanka, deepen mutually beneficial and win-win cooperation, and promote faster development of China-Sri Lanka relations to better benefit the two countries and peoples. Enditem
The USCBC is a trade group representing more than 200 U.S. companies that do business with China. Enditem
The bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of TikTok, starting in 45 days.
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.
Still, it will be necessary to establish a clear framework for relations between China and the United States, given the current complex situation of ties, he said.
"Let business become the stabilizer for the relationship," said Ni.
Noting that China's economic growth turned to positive in the second quarter, Zhao said the Chinese economy has withstood the impact of the epidemic and demonstrated strong resilience and development potential.
A similar executive order has also been issued for WeChat, a messaging and social media app owned by Chinese tech giant Tencent. Enditem
The two sides wrapped up their negotiations on the bilateral FTA on July 20.