U.S. AND CHINA HOLD 'CONSTRUCTIVE' TRADE TALKS


26/08/2020




Selin ATAY-TDO- The U.S. and China have held talks over their so-called "phase-one" trade deal after the discussion was delayed earlier this month.

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.

According to a statement issued by China’s commerce ministry, Vice Premier Liu He spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The two sides had constructive talks on the trade deal and strengthening macroeconomic policy coordination, the commerce ministry said in a statement.

The United States Trade Representative said in a statement that both sides saw progress and are committed to the agreement.

The two parties had discussed intellectual property rights and other issues that have proved sticking points in negotiations over a phase-two deal, the U.S. Trade Representative also said in a statement.

"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."

"Two sides agreed to create conditions and atmosphere to continue pushing forward toward the implementation of the trade deal", China’s commerce ministry said.

Trade negotiations had been expected to take place on 15 August but were postponed by the U.S. President. "I don’t want to talk to China right now", the U.S. President Trump said during his election campaign speech.


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