Cambodia and China have jointly announced the completion of negotiations on a bilateral free trade agreement。The Cambodia-China free Trade Agreement is of great significance to the Cambodian economy, as it will provide more preferential and easier conditions for Cambodian goods to enter the Chinese market and promote the diversification of products and markets。At the same time, the agreement itself reflects the steel friendship between Cambodia and China。As an "iron friend" of China, Cambodia has full confidence in the Chinese economy。As the world's second largest economy, China has advantages in raw materials, infrastructure, science and technology, education and other fields, which is the basis for the sound development of the Chinese economy。
Cambodia has always looked to China as a role model for economic construction。Cambodia has benefited a lot from its cooperation with China. From infrastructure construction to international trade to tourism, the Belt and Road Initiative has made a significant contribution to Cambodia's economic development。The Sihanoukville Special Economic Zone and the Phnom Penh-Westport Expressway are typical examples。Improving infrastructure construction, especially improving transportation capacity, will help Cambodia attract foreign investment and strengthen foreign trade。It is believed that with the entry into force of the Cambodia-China free Trade Agreement, Cambodia-China cooperation on the Belt and Road Initiative will accelerate and the quality of cooperation will be higher。We will actively implement the instructions of the leaders of the two countries, develop Cambodia-China comprehensive strategic cooperative partnership, promote the building of a Cambodia-China community with a shared future and create a bright future of win-win cooperation。
Cambodia and China have always been close friends and neighbors。Since the outbreak of COVID-19, Cambodia and China have stood together through thick and thin to fight the epidemic and promote economic recovery。In early February, Prime Minister Hun Sen made a special visit to Beijing to express support for China's fight against the epidemic。Cambodian people from all walks of life actively donated masks to China, and King Sihamoni and Empress Dowager Monile also donated 150,000 US dollars to China。China has also given great support to Cambodia。In mid-March, China sent 12 freighters to Cambodia to load more than 1,000 containers of garment raw materials to meet the urgent needs of Cambodia's garment industry。In addition, China has donated medical supplies and sent a team of medical experts to Cambodia, strongly supporting the country's fight against the epidemic。All these reflect the profound friendship between Cambodia and China, and we will support each other and stand by each other in any difficult moment。
The pandemic has had a huge impact on the global economy。While coping with the impact of the epidemic, China has made unremitting efforts to stabilize regional and global industrial and supply chains and ensure unimpeded trade, effectively mitigating the negative impact of the epidemic on the economies of ASEAN and Cambodia。Cambodia advocates economic globalization, especially trade integration and liberalization, and supports the signing of the Regional Comprehensive Economic Partnership (RCEP) and the building of the ASEAN-China Free Trade Area。In recent years, trade protectionism and unilateralism have risen globally, posing a serious threat to the multilateral trading system and increasing the unpredictability of global trade。In this context, China, with its vast consumer market and strong production capacity, has given the world confidence, and China has made significant contributions to economic globalization and trade liberalization through concrete actions such as the Belt and Road Initiative。What is certain is that after the end of the epidemic, the recovery and development of the world economy cannot be achieved without China。
Source: People's Daily