Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, held a phone conversation with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin late Friday.
The two sides agreed to properly resolve their core concerns and confirmed completing consultation on some of the deal's text at the technical level.
The two countries agreed on equivalent supervising mechanisms for the import of Chinese-made cooked poultry and catfish. Additionally, the Chinese side will lift the ban on U.S. poultry exports and apply the Public Health Information System (PHIS) for meat products.
Working teams from both countries will carry on discussions, and the principals will have another call in the near future. Chinese Commerce Minister Zhong Shan, Governor of the People's Bank of China Yi Gang, and Vice Chairman of the National Development and Reform Commission Ning Jizhe also joined the talks.
Following the high-level economic and trade consultations on October 10 and 11, the two countries said they made substantial progress in multiple areas including agriculture, intellectual property rights protection, exchange rates, financial services, expansion of trade cooperation, technology transfers and dispute settlements.