New York (FN), Sep. 24 – Cambodian prime minister Hun Sen said that the threat of the trade and economic decoupling arising from the U.S.-China rivalry will certainly dampen the prospects for global growth.

The premier spoke at the 77th Session of UNGA on Friday (Sep 23) in New York, the United States.

“The threat of the trade and economic decoupling arising from the U.S.-China rivalry will certainly dampen the prospects for global growth. Therefore, the fundamental transformative solution of the social, economic and political process is to strengthen the rules based multilateral trading system with the World Trade Organization (WTO) at its heart that can promote an open international trade, reduce trade barriers, and ensure the resilience of regional and global value chains.

Meanwhiles, we need to pay greater attention on inclusive digital policies and conducive regulatory frameworks that lead to greater investment in digital infrastructure, as it is so essential in bridging the growing digital divides and generating new sources of growth. Enhancing green economic development is also an indispensable part of nurturing sustainable socio-economic development, through the expansion of cooperation in building green infrastructure, promoting energy transition, and leveraging green technology,” the premier underlined.

“This year, Cambodia is honored to hold the Chairmanship of ASEAN. So far, this organization is 55-year-old; and we are proud to celebrate our historic milestone and the remarkable achievements we have made along the way. Throughout the years, ASEAN has been able to navigate through the constantly changing geopolitical landscape to emerge as one of the most prominent and successful regional organization, while making great strides in advancing its credibility and relevance in world affairs,” the premier added.

Samdech continued, “Our theme "ASEAN A.C.T.: Addressing Challenges Together," highlighting the strong spirit of togetherness, encompasses all the key pressing issues I have mentioned earlier. Of course, these challenges do have far-reaching implications on the ASEAN Community building process and our external relations. But as the Chair of ASEAN, Cambodia is committed as ever to consolidate our efforts to address our shared goals of bringing benefits to our peoples based on the spirit of ASEAN Centrality, Unity, and Solidarity.”
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