We present a 30 ks XMM-Newton observation of the z = 2.35 Type II radio quiet quasar RX J1343.4+0001. These data provide the first good quality X-ray spectrum for this object. We measured a continuum slope Gamma = 1.85+/-0.10 with only an upper limit on the column density of the absorbing material of Nh(z) <~ 10^22 cm^-2 as well as an Fe Kalpha emission line at the 3 sigma confidence level. We do not find therefore a highly absorbed object nor a truly flat spectrum as suggested on the basis of previous less sensitive ROSAT and ASCA measurements. The Nh(z) upper limit is fully consistent with the optical extinction 3 <A_V <10 inferred from IR observations. The Fe Kalpha line is consistent with fluorescence from neutral iron and, noteworthy, is one of the most distant observed so far. The X-ray spectral properties of RX J1343.4+0001 agree well with the steep continuum slope (Gamma ~ 1.9) being independent of increasing redshift and luminosity as inferred by X-ray studies of large samples of RQ QSOs.