BEIJING: China said on Tuesday (Aug 25) it agreed with the United States to continue pushing forward the implementation of the bilateral Phase 1 ...
BEIJING: China said on Tuesday it agreed with the United States to continue pushing forward the implementation of the bilateral Phase 1 trade deal reached earlier this year during a call between the two countries' top trade negotiators.
Vice Premier Liu He spoke with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, China's commerce ministry said in a statement.The two sides had constructive talks on the trade deal and strengthening macroeconomic policy coordination, the ministry said.READ: US-China trade, once the thorn in bilateral ties, could now be the solution, a commentary
"The parties addressed steps that China has taken to effectuate structural changes called for by the agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer."The parties also discussed the significant increases in purchases of US products by China as well as future actions needed to implement the agreement," it added.
"Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement," said the USTR. The phone call was originally envisioned for Aug 15, the six-month anniversary of the trade deal's launch. Trump, who has frequently expressed anger at China over the COVID-19 pandemic, said last week he had
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