Us China Agreement Ustr

They are “obliged to take the necessary steps to ensure the success of the agreement,” he said. The USTR said it had taken “the steps China has taken to bring about structural change” on issues such as protecting intellectual property rights, removing barriers to U.S. companies in the financial services and agriculture sectors, and eliminating forced technology transfers. The parties also discussed China`s significant purchases of U.S. products and the future steps needed to implement the agreement,” he said. “Both sides see progress and are committed to taking the necessary steps to ensure the success of the agreement,” the U.S. Trade Representative`s Office (USTR) said in a statement after what it described as a regularly planned call. China is continuing its customs exclusion process to facilitate imports of U.S. raw materials.

USDA also publishes guidelines for U.S. exporters who wish to participate in this process (USDA Global Agricultural Information Network). The USTR processes and grants, if necessary, exemptions to Chinese products. The USDA also complies with its obligations under the agreement. “This China-phase-one agreement is proof that President Trump`s negotiating strategy is working. While It took China a long time to recognize that President Trump was serious, the deal is a great success for the economy as a whole. After all, this agreement is a measure for U.S. agriculture and a boon for U.S. farmers, ranchers and producers,” said Sonny Perdue, U.S. Minister of Agriculture. The opportunity to participate in this market in a fairer and fairer manner has led to increased sales that support price increases and strengthen the rural economy. The parties also discussed “significant increases in China`s purchases of U.S. products, as well as future measures needed to implement the agreement,” he said. Trump first welcomed the first-phase agreement, which brought a ceasefire into the bloody trade war between the world`s two largest economies.

In telephone conversations, the two sides discussed “the steps China has taken to make structural changes” that the agreement called for, such as intellectual property protection and forced technology transfer, Lighthizer`s office said. The agreement requires discussions every six months on the development of the agreement. The United States and China are reported to have scheduled a video conference on August 15, but U.S. President Donald Trump said last week that he had postponed it. “China has worked with the United States to implement measures to improve access to growing food and agricultural markets in China for U.S. producers and exporters,” said U.S. Trade Representative Robert Lighthizer. Under President Trump`s leadership, we hope this agreement will be a success. As part of the agreement, China agreed to increase its purchases of U.S.

goods and services by at least $200 billion over two years, including $32 billion for agriculture alone, in a step that is expected to help reduce the chronic U.S. trade deficit. But he said his feelings about the deal changed when the U.S. economy was devastated by the new coronavirus first discovered in China late last year, jeopardizing his re-election chances in November. WASHINGTON, May 21, 2020 – The U.S. Department of Agriculture (USDA) and the U.S. Trade Representative`s Office (USTR) today announced further progress in implementing the agricultural provisions of the Us-China Economic and Trade Agreement that came into effect on February 14, 2020. The measures outlined below are based on measures announced by the USDA and USTR on February 25, March 10 and March 24. This is a difficult time for both our countries. It is important that we continue to work to make our agreement a success.