"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 USCBC is a trade group representing more than 200 U.S. companies that do business with China. Enditem
The companies, in line with market principles and international rules, have conducted commercial activities in the United States while following local laws and regulations, Wang told a daily press briefing.
Nearly 70 percent of the surveyed U.S. companies were optimistic about the commercial prospects of the Chinese market, and 87 percent of the companies reported no plans to shift production out of China, according to the survey.
However, concerns have been raised as Iraq has become the new epicenter of COVID-19 in the Middle East. On Friday the MOH registered the highest daily increase of 3,461 confirmed cases, the worst in Middle East countries. The tally of infections has reached 144,064 cases.
"As a champion and promoter for an open world economy, China has always kept its door wide open and committed to provide a market-oriented, law-based and international business environment for companies from Europe and other parts of the world," Wang said.
"The lab was equipped and established by a donation from the Chinese government at a critical time," Mahdi said. "When this lab was established, Iraq had only one working lab fighting COVID-19."
"These gestures show the true friendship that we always support each other in every difficult situation," Sorasak said.
"Anyone who attempts to derail this process can only end in failure," said Wang. Enditem
"There is such a degree of political intervention, government intervention into the market. There's such a discrimination against Chinese company. These companies are just private companies," the ambassador said.
As the world's largest developing country and a permanent member of the UN Security Council, China will stay committed to peaceful development and to pursuing an opening-up strategy of mutual benefit, Wang stressed.