CHINA China confident it will reach agreement with US in 90 days: MOC


China confident it will reach agreement with US in 90 days: MOC

Comment | CGTN

19:45, December 06, 2018

The meeting between China and the US on trade relations was very successful with highly overlapping interests between the two countries, and China is confident it will reach an agreement on trade with the US side in the next 90 days, according to the spokesperson of China's Ministry of Commerce (MOFCOM) Thursday during a regular news briefing.

National flags of China and America. [Photo:IC]

National flags of China and America. (Photo:IC)

"China has reached a consensus with the US on agriculture, energy and cars. In the following 90 days, China and the US will negotiate on various issues including the protection of intellectual property rights, technical cooperation, market access and trade balance in accordance with a clear timetable," said MOFCOM spokesperson Gao Feng.

Specific negotiation areas will cover agricultural products, energy, manufactured goods, and service sector.

"The ultimate goal in China-U.S. trade talks is to remove all tariffs," added Gao.

In response to query that China is currently making major concessions to Washington amid trade frictions, Gao noted that it is not a zero-sum game given shared desire of protecting intellectual property rights and widening market access to each other.

"It also highly coincides with China's trend to deepen reforms and push for openness. China will conduct negotiations with the US on the groundwork of mutual respect, equality and mutual benefit, as a way to foster better business climate for both sides."

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue