China's one belt, one road Cooperation Initiative, will be implemented in January 1, 2022. The chairman of the China ASEAN Business Council and chairman of the RCEP industry cooperation committee, Xu Ningning, told reporters that the Sino People's Republic of China free trade agreement was the first free trade agreement to set up an independent cooperation initiative of the "one belt and one road" initiative. It provides a model one for the combination of one belt, one road and market opening. Xu Ningning has been engaged in the promotion of China ASEAN Economic and trade cooperation for 30 years. He has visited Cambodia many times and met and exchanged with relevant economic ministers and presidents of industry and Commerce of the Cambodian government. He believes that the China Cambodia free trade agreement is an agreement with a high level of openness, wide coverage and mutual benefit and win-win results. Its contents include the preamble, 16 chapters and 5 annexes. In goods trade and related fields, including goods trade, rules of origin, customs procedures and trade facilitation, technical barriers to trade, sanitary and phytosanitary measures. One belt, one road ahead, is the new milepost of the development of bilateral economic and trade relations. It indicates that the bilateral economic and trade cooperation will have a broader development prospect, marking the two sides' comprehensive strategic partnership, common destiny and the cooperation of "one belt and one road" to enter the new era. The China Cambodia free trade agreement states that the two sides should deepen the comprehensive strategic partnership and take further actions under the principle of "joint consultation, joint construction and sharing", the concept of "openness, green and integrity" and the goal of high standards, benefiting people's livelihood and sustainability, Implement the contents of the outline of China Cambodia bilateral cooperation plan on jointly building the Silk Road Economic Belt and the 21st century Maritime Silk Road and the fourth phase of Cambodia's four corner strategy. According to the China Cambodia free trade agreement, the proportion of zero tariff products in the trade of goods between the two sides has reached more than 90%. Xu Ningning believes that the opening of the service trade market reflects the highest level given to their free trade partners. "The China Cambodia free trade agreement also reflects the consensus on strengthening investment cooperation and carrying out cooperation in e-commerce, economy and technology." On December 16th, one belt, one road, was held at the sixth meeting of the China Central Committee of Cambodian trade and economic cooperation, Ren Hongbin, Vice Minister of Commerce. He said that China is ready to work with Cambodia to implement the Sino - Cambodia free trade agreement and the regional comprehensive economic partnership agreement, and promote cooperation in infrastructure, capacity, digital economy, green and low carbon and other fields, and build a high quality and "one belt and one road". Expand imports from Cambodia, encourage Chinese enterprises to invest in Cambodia, promote e-commerce cooperation, deepen regional and subregional cooperation, and jointly promote China Cambodia and China ASEAN Economic and trade relations to a new level. Xu Ningning said that from January to October this year, the trade volume between China and Cambodia reached US $10.98 billion, a year-on-year increase of 45.9%, and the trade volume target of US $10 billion set by the leaders of the two countries in 2023 has been achieved ahead of schedule. Since this year, Cambodia has exported mango to China for the first time, and Cambodia's exports of bananas, rice and other agricultural products to China have increased steadily. Relevant data reflect the deepening of trade cooperation between China and Cambodia. "Chinese and Cambodian enterprises seize the opportunity of the entry into force of the China Cambodia free trade agreement and the regional comprehensive economic partnership agreement (RCEP) at the same time, and make use of the favorable conditions of opening the market to seek new cooperation and development." Xu Ningning said. (outlook new era)