Global EditionASIA 中文雙語Fran?ais
    USA

    Sino-US deal eases access to markets

    By Li Xiang in Beijing and Paul Welitzkin in New York | China Daily USA | Updated: 2017-05-15 10:57
    Share
    Share - WeChat

    10-part deal is part of 100-day action plan by Xi, Trump on agriculture, finance, energy

    China and the US have reached a new deal that will ease market access in agriculture, financial services and energy, marking both sides' willingness to advance the trade relationship and alleviating fears of a trade war between the world's two largest economies.

    The 10-part deal is the first result of the 100-day action plan that President Xi Jinping and US President Donald Trump agreed to pursue at their meeting at Mar-a-Lago in Florida in April. It will start in mid-July.

    Under the deal announced by the Trump administration on May 11, China agreed to resume imports of US beef by July 16. In return, the US agreed to open its market to Chinese cooked poultry.

    The agreement would also streamline the evaluation of pending US biotechnology product applications and facilitate the entrance of Chinese banks into the US banking market.

    Beijing and Washington also agreed to discuss extending the initial 100-day action plan to a one-year plan.

    Both sides will hold the first meeting of the Comprehensive Economic Dialogue during the summer this year.

    Vice-Finance Minister Zhu Guangyao said the deal was a result of cooperation based on the principle of mutual benefits, stressing that the agreement was not "a list of one side's concessions".

    "The Chinese and US teams carried out nearly 30 rounds of consultation to achieve the agreement. It was a result of cooperation and reflected the expectations of the people of the two countries," Zhu told reporters at a news conference on Friday.

    Vice-Commerce Minister Yu Jianhua said the agreement altered the expectation of a possible trade war between the two sides, adding that stable China-US relations will be a "positive force" for the recovery of the global economy.

    In announcing the agreement on Thursday evening, US Commerce Secretary Wilbur Ross said "US-China relationships are now hitting a new high, especially in trade."

    He hailed the agreement as "a herculean accomplishment" forged in record time.

    "This will help us to bring down the deficit for sure," Ross said at media briefing in Washington. "You watch and you'll see."

    In the energy sector, the US already is shipping some liquefied natural gas to China and said it could negotiate any type of contract, including long-term contracts, with US suppliers.

    In financial services, China pledged to grant market access to US credit rating agencies and credit card companies and agreed to issue licenses to "two qualified US financial institutions" for the interbank bond underwriting and settlement business.

    Ross told CNBC that the US also had agreed to treat Chinese financial institutions the same way as other foreign banks that want to open activities in the US.

    "Clearly China, whose banks are among the largest in the whole world, wants access to the US banking market," he said. "As long as they can comply with the normal rules, they will get access."

    In 2003, China imposed an import ban on US beef due to a case of mad cow disease in Washington state. It had conditionally lifted the ban, but few purchases have been made.

    On the resumption of US beef exports to China, Ross said: "It's a very big market; it's at least a $2.5 billion market that's being opened."

    The beef agreement also drew praise from the National Cattlemen's Beef Association.

    "It's impossible to overstate how beneficial this will be for America's cattle producers," Craig Uden, president of the association, said in a statement.

    "We look forward to providing nearly 1.4 billion new customers in China with the same US beef that we feed our families."

    (China Daily USA 05/15/2017 page2)

    Today's Top News

    Editor's picks

    Most Viewed

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    亚洲av中文无码乱人伦在线r▽| 播放亚洲男人永久无码天堂| 免费一区二区无码视频在线播放 | 亚洲av无码不卡一区二区三区| 国产 日韩 中文字幕 制服| 无码精品久久久天天影视| 日韩区欧美区中文字幕| 中文字幕丰满乱子伦无码专区| 精品人妻系列无码天堂| 亚洲熟妇无码乱子AV电影| 精品久久久无码中文字幕天天| 中文字幕精品无码久久久久久3D日动漫| 无码伊人66久久大杳蕉网站谷歌| 日本不卡中文字幕| 中文有无人妻vs无码人妻激烈| 国产精品亚洲αv天堂无码 | 无码精品人妻一区二区三区免费看| 久久e热在这里只有国产中文精品99| 无码任你躁久久久久久久| 精品欧洲AV无码一区二区男男| 亚洲AV综合色区无码一区| 国产丝袜无码一区二区三区视频| 亚洲欧洲中文日韩av乱码| 中文字幕在线一区二区在线| 精品久久久久久无码中文字幕一区| 亚洲无码视频在线| 中文无码熟妇人妻AV在线| 国产精品午夜福利在线无码| 潮喷大喷水系列无码久久精品| 国产亚洲3p无码一区二区| 日韩网红少妇无码视频香港| 无码人妻一区二区三区免费看| 无码乱人伦一区二区亚洲一| 无码一区二区三区免费| 精品人妻大屁股白浆无码| 国产精品无码久久四虎| 无码丰满熟妇一区二区| 亚洲高清有码中文字| 国产乱码精品一区二区三区中文 | 无码人妻精品一区二区三区66 | 男人的天堂无码动漫AV|