The White House, Washington, January 15. Liu he, member of the political bureau of the communist party of China central committee, vice premier of the state council and Chinese leader of the china-us comprehensive economic dialogue, signed the first phase of the china-us economic and trade agreement with US President Donald trump. So far, sino-us economic and trade friction has achieved a stage “ Stop war & throughout; To take a concrete step towards the final solution of the problem.
This outcome has not come easily. It came after 23 months of talks and 13 rounds of high-level economic and trade consultations between China and the us. It shows that the two sides have accommodated each other's core concerns and achieved equality, mutual benefit and win-win cooperation. This agreement responds to the expectations of the market and public opinion, serves the common interests of the Chinese and American people and the people of the world, and will promote world peace and prosperity.
Specifically, the first phase includes nine chapters covering intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral assessments and dispute settlement. China's three core concerns (eliminating all tariffs, making trade procurement figures realistic, and improving the balance of the text) and two principles (WTO rules and market principles) are embodied in the agreement, while the us's core demands are positively addressed. In a nutshell, the protocol has two distinct characteristics:
First, balance and equivalence. A good agreement should not only benefit one party, but also reflect the equality and dignity of both sides. After repeated discussions, the first phase of the agreement text reflects the balance. Contains chapters in the protection of intellectual property rights, for example, at present all aspects of the international protection of intellectual property rights, this not only helps China to build an innovation-oriented country, the development of innovative enterprise, better maintenance of all kinds enterprise in China, including foreign companies' legitimate rights and interests, but also to protect Chinese enterprises on the legitimate rights and interests in economic and trade activities, to ensure the rights and obligations between the two sides.
Second, achieve mutual benefit and win-win results. This is the essence of china-us economic and trade cooperation, and it is also the essence of the first-stage agreement. Take the food and agricultural products trade section, which covers dairy, poultry, beef, pork, processed meat, aquatic products, rice, fruit, feed and pet food. These products are all products with strong consumer demand in China's food consumption upgrading. Expanding imports from the us meets domestic consumption demand and strengthens the role of agriculture as an important pillar of china-us trade relations. China is the world's largest importer of agricultural products and the United States is the world's largest exporter of agricultural products.
By analyzing the text, you can see that from the deepening of two-way cooperation in the field of trade, to further relax market access, to continuously optimize business environment, the basic direction consistent with China's deepening reform and opening up, conforms to the intrinsic demand of the development of Chinese economy, high quality, to satisfy Chinese consumer upgrades, etc. The growing market demand. China is already doing some things in accordance with its own development needs and at a set pace. Strengthening cooperation with the United States on the basis of WTO rules and market principles will give China more impetus to deepen reform and opening up. The concerns of the us side will be naturally addressed in this process.
Signing the agreement, the key is to implement. To this end, the bilateral assessment and dispute settlement section of the agreement is formulated. The rules of the game ” Whichever party breaches the agreement shall be punished accordingly. At the same time, the three-tier dispute settlement arrangement set up by this mechanism is conducive to the early detection of problems by both sides and the settlement in a fair, rapid and respectful manner, so as to avoid the escalation of conflicts and ensure the effective implementation of the agreement.
The world today is facing great changes unseen in a century. Black swan & throughout; With & other; Grey rhino & throughout; Across the globe, uncertainty is rising. As the world's two largest economies, china-us economic and trade relations are stable. Anchor & throughout; The signing of the first-phase economic and trade agreement between the two sides will undoubtedly ease current trade tensions and inject certainty into global development. As fed vice chairman Richard middot; A reduction in policy uncertainty, says clarida. Clearly a positive change for the economic outlook. It will stabilize global expectations, enhance confidence, stimulate economic, trade, investment and financial activities, maintain the integrity of the global industrial chain and supply chain, and promote world peace and development.
The way is better than the difficulty. The signing of the first phase of the agreement shows that China and the us can resolve their economic and trade differences through equal consultation, boosting people's confidence in the final settlement of the issue. However, the further forward the solution, the more intense the game is bound to be. To this end, the two sides should earnestly abide by the provisions of the agreement of the first phase, consult more when things come up, create conditions for further settlement of the issue and make a good start for reshaping china-us economic and trade relations. Both China and the United States benefit from cooperation and both suffer from confrontation. This has been proven time and again by history and reality.
