Anonymous ID: 94eb9e Jan. 9, 2020, 7:59 p.m. No.7768924   🗄️.is 🔗kun   >>8995 >>9024 >>9318

China’s Vice Premier Liu to sign trade deal in US

 

Chinese Vice Premier Liu He (劉鶴), head of the country’s negotiation team in trade talks with the US, is to sign a “phase 1” deal in Washington next week, the Chinese Ministry of Commerce said yesterday.

 

Liu is to visit Washington from Monday to Wednesday next week, ministry spokesman Gao Feng (高峰) told reporters at a regular briefing.

 

Negotiating teams from both sides remain in close communication on the particular arrangements of the signing, he said.

 

The phase 1 deal with China would be signed on Wednesday at the White House, US President Donald Trump said on Tuesday last week.

 

However, no version of the text has been made public and Chinese officials have yet to publicly commit to key points, such as increasing imports of US goods and services by US$200 billion over two years. China would not increase its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the US, local media group Caixin quoted Chinese Vice Minister of Agriculture and Rural Affairs Han Jun (韓俊) as saying on Tuesday.

 

When asked if China would have to reduce grain imports from other countries to meet its US commitments, Gao said that China would continue to improve the administration of tariff quotas for wheat, corn and soybeans in accordance with WTO commitments, and would make full use of quotas according to market conditions.

 

This is not inconsistent with expanding agricultural imports from the US, Gao said.

http://www.taipeitimes.com/News/biz/archives/2020/01/10/2003728989