Chinese State Councilor and Foreign Minister Wang Yi arrived in Cambodia on Sunday for a two-day official visit, during which the two countries are set to sign a landmark China-Cambodia free trade agreement (FTA) among other important bilateral documents. The FTA is hailed by observers as cementing the two sides’ friendship in the post-COVID-19 era and paving the way for increased security cooperation.
The FTA – the first such deal between Cambodia and a foreign state – will benefit both sides as it is in line with the complementary nature of the two economies. It is expected to inject significant impetus to the economic recovery for the virus-affected Cambodian economy and lay a solid economic and trade foundation which the two sides could use to progress to a higher level of security cooperation, analysts said Sunday.
According to a press release handed out by the Cambodian Ministry of Foreign Affairs and International Cooperation on Friday, Wang will pay a courtesy call on Cambodian Prime Minister Hun Sen and meet with Deputy Prime Minister and Foreign Minister Hor Namhong to discuss bilateral cooperation in various fields as well as regional and international issues of common interests and concern.