What is the trend of China-Australia trade? The Ministry of Commerce responds to recent international economic and trade hotspots

Prime Minister Hun Sen of the Kingdom of Cambodia paid an official visit to China from February 9 to 11. How is the economic and trade cooperation between China and Cambodia? Minister of Commerce Wang Wentao recently held a video meeting with Australian Trade Minister Farrell at request. What is the trend of China-Australia trade? US Treasury Secretary Yellen said recently that he still wants to visit China. What is China's comment? Shu Jueting, spokesman of the Ministry of Commerce, responded to the above international economic and trade hotspots at the regular press conference held on the 9th.
The practical economic and trade cooperation between China and Cambodia has yielded fruitful results
Shu Jueting introduced that under the strategic leadership of the leaders of the two countries, the construction of the China Cambodia community of common destiny has gone deep and solid, and the joint construction of the "the Belt and Road" has been further promoted, with fruitful results in practical economic and trade cooperation. In 2022, the trade volume between China and Cambodia reached US $16.02 billion, an increase of 17.5% year on year, reaching a new record. China has become Cambodia's largest trading partner for 11 consecutive years.
Shu Jue-ting said that in January 2022, the China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement (RCEP) came into force, the policy dividend was gradually released, and the level of trade and investment liberalization and facilitation between the two countries was further improved. China is the largest export destination of Cambodia's rice and bananas, and high-quality agricultural products such as mango and longan have also been exported to China. China-Cambodia practical cooperation has been steadily advancing, involving a wide range of fields such as infrastructure, textile and clothing, processing and manufacturing, agriculture and so on. By the end of 2022, Chinese enterprises have invested more than US $10 billion in Cambodia.
Shu Jueting said that this year marks the 65th anniversary of the establishment of diplomatic relations between China and Cambodia and the "Year of China-Cambodia Friendship". We look forward to working with the relevant departments of Cambodia to take this high-level visit as an opportunity to promote China-Cambodia economic and trade relations to a new level.
Willing to work with Australia to boost the confidence of enterprises in both countries
Minister of Commerce Wang Wentao recently held a video meeting with Australian Trade Minister Farrell at request. Shu Jue-ting said that this meeting is an important step for both sides to jointly push China-Australia economic and trade relations back on track. "During the talks, Minister Wang Wentao invited Minister Farrell to visit China at an appropriate time. Minister Farrell accepted the invitation. The two sides will maintain communication on the specific arrangements for Minister Farrell's visit to China."
Shu Jueting said that during the talks, both sides agreed to make good use of the bilateral economic and trade exchange mechanism as an important platform for dealing with issues of common concern. The ministers of the two countries instructed the working team to carry out follow-up discussions on the matters determined and to carry out specific communication on the arrangements of the relevant economic and trade exchange mechanism.
Does this meeting mean the comprehensive resumption of economic and trade exchanges between China and Australia? Shu Jueting said that the mutually beneficial cooperation between China and Australia in the economic and trade fields is in the common interests of the two peoples. We are willing to work with Australia to create a good environment for bilateral trade and investment cooperation, boost the confidence of enterprises of the two countries in cooperation and stabilize their expectations for future cooperation. China is willing to communicate with each other on some technical issues of mutual interest in bilateral trade and seek mutually beneficial and win-win solutions. At the same time, it is also hoped that Australia and China will move in the opposite direction, provide a fair, open and non-discriminatory business environment for Chinese enterprises to invest, and promote the high-quality development of bilateral economic and trade cooperation.
Welcome the US Treasury Secretary Yellen's wish to visit China
US Treasury Secretary Yellen said recently that he still wanted to visit China. Shu Jue-ting responded that not long ago, Vice Premier Liu He and US Treasury Secretary Yellen held a half-day constructive talks in Zurich, Switzerland. It is very important for both sides to maintain normal communication. "The Chinese side welcomes Minister Yellen's wish to visit China."
In response to the reporter's question that the Biden government has stopped approving the licenses of most products exported by American enterprises to China, Shu Jue-ting said that China has always opposed the United States' generalization of the concept of national security, violated the principles of market economy and international economic and trade rules, unjustifiably imposed sanctions on Chinese enterprises, and endangered the stability of the global industrial chain supply chain and global technological innovation. China will resolutely safeguard the legitimate and legitimate rights and interests of Chinese enterprises.
In response to the list of so-called "notorious markets" released by the United States recently, Shu Jueting said that the information quoted in the report had not been investigated and verified, and the conclusion was not objective and fair. The United States added some Chinese enterprises and markets to the list, but claimed that "the list does not identify illegal acts, nor does it reflect the analysis of the United States government on the overall intellectual property protection and law enforcement environment of relevant countries", which is very unprofessional and irresponsible. China firmly opposes this. The Chinese government attaches great importance to the protection of intellectual property rights, constantly improves the legislative system, improves the efficiency of law enforcement, guides the self-discipline of the industry, and resolutely punishes violations according to law. China is willing to continue to strengthen cooperation with other countries in the protection of intellectual property rights and jointly create a fair competitive business environment for global enterprises.