White House opens China trade deal surveillance unit in USTR office
THE White House, under the US Trade Representative, has initiated a new office to ensure China adheres to terms of the 'Phase One' trade deal reached last month, reports New York's FreightWaves
THE White House, under the US Trade Representative, has initiated a new office to ensure China adheres to terms of the 'Phase One' trade deal reached last month, reports New York's FreightWaves.
The office will also work with China's Bilateral Evaluation and Dispute Resolution Office to address disputes that arise over the trade deal's implementation with deputy US Trade Representative Jeffrey Gerrish as the officer in charge.
Chapter 7 of the US-China Phase One economic and trade agreement called for transparent implementation of the agreement and a specific means to allow the two parties to resolve disputes in a 'fair and expeditious manner,' USTR said.
'This arrangement requires regular bilateral meetings to discuss implementation matters, with the parties meeting on a monthly basis at the 'designated official' level, on a quarterly basis at the Deputy United States Trade Representative-Vice Minister level, and on a semi-annual basis at the United States Trade Representative-Vice Premier level,' USTR said in a statement on February 14, when the Phase One trade deal with China officially took effect.
Through the new office, a party can initiate a dispute by submitting an appeal to the other country's Bilateral Evaluation and Dispute Resolution Office. Consultations will then take place to try to resolve the dispute and can be escalated, if necessary, to the highest levels of the offices' leadership. The dispute resolution process should take no more than 90 days.