Us China Trade Agreement Ustr

The Phase 1 Economic and Trade Agreement contains a chapter on intellectual property that strengthens the protection and application of intellectual property in China. The economic and trade agreement of the first phase addresses certain of China`s actions, policies and practices identified in the Section 301 study on technology transfer, intellectual property and innovation. The agreement begins to rebalance our trade relations and achieves sound and fully applicable commitments to solve structural problems. „This China-phase-one agreement is proof that President Trump`s negotiating strategy is working. While It took China a long time to recognize that President Trump was serious, the deal is a great success for the economy as a whole. After all, this agreement is a measure for U.S. agriculture and a boon for U.S. farmers, ranchers and producers,” said Sonny Perdue, U.S. Minister of Agriculture. The opportunity to participate in this market in a fairer and fairer manner has led to increased sales that support price increases and strengthen the rural economy. „President Trump has kept his promise to oppose China`s unfair trade practices and expand U.S. agriculture market opportunities through the Phase One agreement. Since the agreement came into force eight months ago, we have seen significant improvements in our trade relationship with China that will benefit our farmers and ranchers for years to come,” said Robert Lighthizer, U.S. Trade Representative.

On January 15, 2020, the United States and China signed a historic and binding agreement on a Phase 1 trade agreement. The agreement requires structural reforms and other changes to China`s economic and trade regime. Today, the world`s two most powerful economies have begun to re-establish a positive and mutually beneficial trading relationship. The agreement prohibits coercion or pressure on foreign companies to transfer their technology as a precondition for market access, authorisation or benefits. The agreement also requires that any transfer or license of technology be based on voluntary market conditions and reflect mutual consent. We are taking an important step – which has never been done before with China – toward a future of fair and reciprocal trade, as we sign the first phase of the historic U.S.-China trade agreement. Together, we are correcting the injustices of the past and creating a future of economic justice and security for American workers, farmers and families. China has been operating the United States for years.

President Trump has stood up for Americans and fought for the fairness our workers deserve. In addition to these products, USDA expects sales in China to reach record or near record levels for many other U.S. agricultural products, including pet food, alfalfa hay, pecans, peanuts and prepared foods. Washington, DC – The Office of the U.S. Trade Representative (USTR) and the U.S. Department of Agriculture (USDA) today released a report highlighting progress in implementing agricultural provisions in the U-China Phase One Economic and Trade Agreement, which provides historic results for U.S. agriculture. . For more information, see the interim report on the U.S.-China Economic and Trade Agreement (PDF, 1.3 MB). . The chapter addresses many long-standing concerns in the following areas: .

The USDA is an equal opportunity provider for employers and lenders. . USTR and USDA continue to work closely with the Chinese government to ensure that the Phase One agreement is fully and properly implemented to allow U.S. food and agri-food products to continue to develop in the Chinese market.