BEIJING — Top Chinese and US negotiators spoke on the phone Tuesday and agreed to “push forward” their phase one economic deal, amid soaring tensions between the two sides on several fronts.
The US and China signed the accord in January, bringing a partial truce in their lingering trade war and obliging Beijing to import an additional $200 billion in American products over two years, ranging from cars and machinery to oil and farm products.
But the COVID-19 pandemic has put pressure on the agreement and China’s purchases of those goods have been lagging.
The two countries confirmed the talks in separate statements.
Washington said the parties “addressed steps that China has taken to effectuate structural changes called for by the agreement”.
Those changes, it said, would “ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer”.
It added that both sides “see progress and are committed to taking the steps necessary to ensure the success of the agreement”.
Beijing’s statement said a “constructive dialogue” between the two sides had “agreed to create conditions and atmosphere to continue to push forward the implementation of phase one of the China-US economic and trade agreement”.
The phase one deal called for officials to hold a “check-in” every six months.
– Mounting tensions –
But US President Donald Trump in recent weeks has stepped up his rhetoric against China ahead of what is expected to be a tough re-election fight, raising questions about the deal’s fate as well as the possibility of a phase two agreement.
Tensions between the two countries have risen over a host of issues including blame for the coronavirus pandemic and China’s policies in Xinjiang and Hong Kong.–AFP