China: Phase 1 Trade Deal Nailed with US
2019/12/14 08:36
China issued a statement, announcing the sucessful signing of phase one trade deal with the US on equal basis and mutual respect upon efforts of the trade delegations of both nations.
The agreement consisted of nine chapters: introduction, intellectual property, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral assessments and dispute resolution.
Meanwhile, both countries agreed that the US will meet its commitment of rolling back tariffs on Chinese goods by phases.
China and the US were also committed to complete all necessary procedures, such as legal review, translation and proofread, on their side as soon as possible, and have negotiation on the specific arrangement of contract signing.
China issued a statement, announcing the sucessful signing of phase one trade deal with the US on equal basis and mutual respect upon efforts of the trade delegations of both nations.
The agreement consisted of nine chapters: introduction, intellectual property, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral assessments and dispute resolution.
Meanwhile, both countries agreed that the US will meet its commitment of rolling back tariffs on Chinese goods by phases.
China and the US were also committed to complete all necessary procedures, such as legal review, translation and proofread, on their side as soon as possible, and have negotiation on the specific arrangement of contract signing.