The minister said the upcoming signing of the bilateral FTA will undeniably stimulate the speed of Cambodia's infrastructure development projects, including those under the Belt and Road Initiative (BRI).
"Resolving issues of common concern through dialogue is the only way to achieve win-win results," said the CSRC. "Only by doing so can a sound environment for the healthy and orderly operation of the global capital market be created."
Wang added that as a result, bilateral ties have become one of the most deeply interwoven relationships in the world with broadest cooperation areas and most extensive common interests. "No one can deny these facts."
"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 route, operated three times a week by Air China Cargo, is expected to more than half the shipping time of foreign trade commodities to about 10 days.
The air route will be flown by a Boeing 737-800 airplane every Thursday, from Aug. 20 to Oct. 24, with up to 140 seats on each flight.
"We urge the U.S. side to abide by the one-China principle and the provisions of three China-U.S. joint communiques, stop official interactions and contact of all kinds as well as the upgrading of substantive relations with the island, and handle Taiwan-related issues in a prudent and proper manner, so as not to seriously damage China-U.S. cooperation in major areas as well as peace and stability across the Taiwan Strait," Zhao added. Enditem
To that end, diplomacy can also rely on international law and organizations such as the United Nations and the World Trade Organization (WTO) to resolve multilateral disputes, he said.
Huang called for more global solidarity against the virus, as well as efforts to achieve gender equality and women's well-rounded development.
Xiong Wei with Cainiao Network, the logistics arm of Alibaba Group, said the new route allows low-cost small commodities like mobile phone cases and toilet covers to be shipped via charter flights, thus providing a new export channel for small and medium-sized businesses.
The minister added that Cambodia often acknowledged its advocacy to regional and global integration, especially in trade.