Thu, Aug 18, 2022 @ 17:14 GMT
HomeLive CommentsUSTR said progress made in US-China trade deal implementation

USTR said progress made in US-China trade deal implementation

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin finally held a “regularly scheduled call” with Chinese Vice Premier Liu He to review the progress of the implementation of the trade deal phase one.

USTR said in a statement, the parties addressed steps that China has taken to “effectuate structural changes” for greater IP rights protections, “remove impediments” to Americans companies in financial services and agriculture, eliminate forced technology transfer. China’s purchases of US goods were also discussed. It added, “both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement.”

Chinese Commerce Ministry also confirmed the two sides had a “constructive dialog on strengthening the coordination of the macroeconomic policies of the two countries”. Both sides “agreed to create conditions and atmosphere to continue to push forward the implementation of the phase-one of the China-US economic and trade agreement”.

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