Mr Donald Trump, the US President, has
said that the phase one trade deal with China is likely to be signed shortly
after January 15. He was speaking to a US television channel, said a report.
The phase 1 deal, struck last month, is expected to reduce tariffs and boost
Chinese purchases of American farm, energy and manufactured goods while
addressing some disputes over intellectual property.
China would buy $50bn worth of US farm products under the
again that China would buy $50bn worth of US farm products under the
deal, but details have not been confirmed by the US and Chinese negotiators.
Chinese Vice Premier, Mr Liu He, head of
the country’s negotiating team in the Sino-US trade talks, will sign the deal
in Washington, China’s Commerce Ministry said, as per the report.
Chinese officials said the agreement includes protections for intellectual
property, food and farm goods, financial services and foreign exchange, and a
provision for dispute resolution.
House has said the deal includes improvements on the technology transfers
requirements that Beijing imposes on foreign companies, as well as better
access to the Chinese market for financial services.
Strong dispute resolution system in the agreement
the agreement establishes a strong dispute resolution system that ensures
prompt and effective implementation and enforcement," US Trade
Representative Robert Lighthizer said.