Solar Energy News  
TRADE WARS
China signs Cambodia trade deal at start of regional charm offensive
by Staff Writers
Phnom Penh (AFP) Oct 12, 2020

China's top diplomat was in Cambodia Monday on the start of a visit both countries hope will boost relations at a time of increased tensions with the United States.

Foreign Minister Wang Yi -- who will also visit Malaysia, Laos and Thailand on a regional charm offensive -- signed a trade deal that will allow Cambodia to export 340 mostly agricultural products without tariffs.

Beijing has all but replaced Washington as Phnom Penh's most important international partner, with the latest example just last week when a US-funded naval facility was razed as part of a new base being developed with Chinese aid.

Beijing has spent hundreds of millions of dollars in Cambodia as part of its global "Belt and Road" initiative, but new bridges and roads have been offset by what locals see as Chinese appropriation of local assets and resources, such as in Sihanoukville.

The coastal resort city boasts hundreds of Chinese-built and owned casinos and hotels -- some only half-finished, and most now deserted as a result of the coronavirus pandemic, leaving thousands of locals out of work.

Hundreds of Chinese nationals have also been arrested in the past few years and charged with running massive online gambling schemes from Cambodia. Most are deported to face prosecution at home rather than face local courts.

On Monday, Wang and Cambodian strongman premier Hun Sen greeted each other with smiles and open arms before overseeing the signing of the new trade agreement.

Bilateral trade between China and Cambodia was worth $8 billion in 2019, but this deal should "push the exports up to $10 billion by 2023", commerce ministry spokesman Seang Thay told AFP.

It could also offset losses caused by the European Union re-imposing customs duties on Cambodian exports in August, said Hun Sen's spokesman Eang Sophalleth.

The EU's "Everything But Arms" agreement with Cambodia was suspended then over human rights concerns.

"The EBA will eventually end, but the China-Cambodia FTA will remain forever", Sophalleth quoted Hun Sen as saying.

One analyst said the impact of Wang's visit went beyond Cambodia.

Wang's visit will send a message that China is "a consistent predictable partner" to its Southeast Asian allies, said Sebastian Strangio, author of "In the Dragon's Shadow: Southeast Asia in the Chinese Century".

It will "underline the permanent nature of China's presence and interests in the region, compared to the fleeting and sometimes fickle engagement of the US," he told AFP.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Maersk to stop using Myanmar military ports: rights group
Yangon (AFP) Oct 8, 2020
Global shipping giant Maersk will stop using military-owned ports in Myanmar, a lobby group said Thursday after leading a campaign against international companies with links to the armed forces. The Southeast Asian nation's military has for decades stood accused of widespread human rights abuses. But it was the brutal crackdown on the country's Rohingya Muslim minority in 2017 that particularly shocked the world and led to genocide charges at the UN's top court. Rights group Burma Campaign U ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Hungary chlorine gas leak injures 28 at refinery

Inducing plasma in biomass could make biogas easier to produce

Novel photocatalysts can perform solar-driven conversion of CO2 into fuel

Cascades with carbon dioxide

TRADE WARS
What tiny surfing robots teach us about surface tension

First tests for landing the Martian Moons eXploration Rover

Teams demonstrate swarm tactics in fourth major OFFSET Field Experiment

Technology developed for Lunar landings makes self-driving cars safer on Earth

TRADE WARS
California offshore winds show promise as power source

Offshore wind power now so cheap it could pay money back to consumers

TRADE WARS
The Safe Light Regional Vehicle makes its debut

Investors load $500 mn into Uber's trucking business

O2 launches UK's first driverless cars lab

Electric truck startup Nikola postpones December event

TRADE WARS
Energy-harvesting plastics pass the acid test

Ecological power storage battery made of vanillin

KIST develops ambient vibration energy harvester with automatic resonance tuning mechanism

Scientists present a comprehensive physics basis for a new fusion reactor design

TRADE WARS
Framatome US Richland site opens its new $20 million uranium recovery facility

US ousts China from Romania nuclear project

Study: Renewables, not nuclear power, can provide truly low carbon energy

Filtering radioactive elements from water

TRADE WARS
Critics see gap in BlackRock's climate rhetoric and record

HSBC bank aims for zero carbon on investments by 2050

Rising nitrous oxide emissions could put Paris Agreement goals out of reach

EU parliament demands tougher climate targets

TRADE WARS
Brazil court blocks move to repeal mangrove protections

Brazil's Bolsonaro hits back at Biden over rainforest

Pine needles evolved to help trees cope with rainfall

Brazil rejects deforestation concerns; Victim of 'brutal disinformation' says Bolsonaro









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.