China-US phone in 'constructive' trade talks and promise progress

CHINESE and American negotiators held phone talks to review progress on phase one trade deal implementation, after US Donald Trump postponed scheduled August 15 talks, reported Hong Kong's South China Morning Post.

United States Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He to discuss the agreement's implementation.



'The parties addressed steps that China has taken to implement 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,' said a statement from Mr Lighthizer's office.



Significant increases in purchases of US products by China and further actions needed to implement the agreement were also discussed. 'Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement,' the statement said. A briefer statement by the Chinese side described the talks as 'constructive' and said both sides would create favorable conditions to continue the deal.


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