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Sorasak said the agreement means a lot to Cambodia's economy as it gives greater market access to the country's products.
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.
He added that as the world's economic powerhouse, China has a number of advantages ranging from raw materials, productivity, labor, infrastructure, economic diversification to education, among others.
"We are committed to developing a China-U.S. relationship featuring non-conflict, non-confrontation, mutual respect and win-win cooperation, and firmly safeguard our sovereignty, security and development interests," Zhao said. Enditem
WASHINGTON, Aug. 10 (Xinhua) -- China's nuclear power is not at the same level as that of the United States and Russia, and it is not yet the right timing for China to join their nuclear disarmament talks, Chinese Ambassador to the United States Cui Tiankai has said.
"I do not believe there will be a 'new Cold War' between the two powers. The two countries have great economic, trade and financial interdependence. Personally, I believe the two countries can resolve their differences through dialogue, as they have cooperated in the past," Maggiorelli said.
The two sides wrapped up their negotiations on the bilateral FTA on July 20.
"These have been the sources of China's economic boom and Cambodia is using China as a role model in our economic development as well," he said.
Chinese FM urges U.S. to give up failed interventionism
Zhao said China has a huge market of 1.4 billion people and a complete industrial support system, and many authoritative international organizations believe that China injects confidence and momentum into the world economic recovery.
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.