The bilateral FTA also impeccably responds to Cambodia's policy directions sketched in the Industrial Development Policy and the "Rectangular Strategy," the minister added.
Business owner Diego Tangarife also highlighted the China-proposed Belt and Road Initiative for global development, saying it fosters greater international cooperation.
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.
Looking to the future, Maggiorelli highlighted the relevance of Chinese President Xi Jinping's vision of building a community with a shared future for mankind.
These actions will by far create trade unpredictability and render the domino effect through the introduction of such policy by other members as retaliations, he added.
Over four decades ago, leaders of China and the United States made the handshake across the vast Pacific Ocean, he added, noting that what made this possible was that both countries adhered to the principle of mutual respect and seeking common ground while putting aside differences.
China is committed to the policy of "one country, two systems," Wang reiterated, saying that with the strong support from the mainland, an improved legal environment, and the united efforts of the Hong Kong compatriots, China can surely uphold and better implement the policy of "one country, two systems."
Only when the United States is ready to reduce its arsenal to the size of China's can both sides begin real negotiation, he said, adding, "I hope we could be given a very convincing answer."
The two sides have maintained communication and interaction, the CSRC said, adding that Chinese authorities have shown full cooperation sincerity by repeatedly communicating with the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board (PCAOB) on joint inspections of accounting firms since 2019.
"These gestures show the true friendship that we always support each other in every difficult situation," Sorasak said.
"Of course, greater clarity and greater rapprochement on the part of both countries are needed. Therefore, the role of diplomats from both parties will be essential to negotiate solutions to the problems, without ever needing the use of force," said Maggiorelli.