• CTM News

China committed to Phase 1 trade deal despite pandemic: U.S. official


China remains “very, very committed” to meeting its commitments under a Phase 1 trade deal with the United States, despite the unprecedented economic and health impacts of the new coronavirus outbreak, a senior U.S. trade official said on Wednesday.

The official told reporters that U.S. officials were talking regularly, and often daily, about the implementation of the trade deal and to make sure that China fulfilled its extensive agreements to buy American goods and services. The U.S. Trade Representative’s office kept China on its priority watch list for concerns about intellectual property (IP) protections and was watching closely to see whether it implemented changes agreed to as part of the trade agreement and continue to open its market to foreign investment, the official said. “China’s placement on that list reflects the urgent need to remedy a range of IP-related concerns, including China’s system of pressuring, and coercing, technology transfer, the need for fundamental structural changes to strengthen IP protection, and enforcement in the widespread infringing activity within its borders,” the official said.

He said the Phase 1 agreement did include “very robust” provisions on IP protections and they were being implemented through a number of actions by China. 29 April 2020

News Source Reuters

Subscribe to Our Newsletter

  • White Facebook Icon

ISSN: 2639-7714  ( Print )

ISSN: 2639-7730  ( Online )

P. O. Box 360722  Dallas, 75336 Texas

© 2020 by Christian Times Magazine