This agreement is the result of intensive commercial talks in London on June 9-10. Their The goal, as the Ministry of Trade noted, was to implement the “important consensus”, achieved by the leaders of both countries during a telephone conversation on June 5 and to consolidate the results of previous talks in Geneva – explained the spokesman of the Ministry of Trade, which was not mentioned in response to the question of journalists.
After the meeting in London, the teams remained in close contact and recently clarified the details and framework of the agreement.
The spokesman only revealed that “The Chinese side will approve the qualifying applications for the export of controlled products in accordance with the law“. In turn, the authorities in Washington”properly endure a number of limiting agents undertaken against China“.
The Chinese ministry expressed the hope that the US would go in the same direction as China.
As the spokesman of the ministry stated, Beijing called for “healthy, stable and sustainable development of Chinese-American economic and commercial relations“
As part of the temporary solution developed in May in Geneva, Washington and Beijing agreed to lower the duties – the USA from 145 to 30 percent. for Chinese products, and China from 125 to 10 percent for American products.
