A senior Trump administration official said the currency agreement was based on provisions of the U.S.-Mexico trade agreement, which require the three countries to disclose monthly data on international reserve balances and foreign exchange market interventions, as well as quarterly balance-of-payments and other government reports to the International Monetary Fund. The agreement prohibits coercion or pressure on foreign companies to transfer their technology as a precondition for market access, authorisation or benefits. The agreement also requires that any transfer or license of technology be based on voluntary market conditions and reflect mutual consent. A1: China`s intellectual property theft in the United States and its relatively low intellectual property protection (IP) were among the initial complaints highlighted in Section 301 of the Office of the U.S. Trade Representative (USTR) Section 301, Section 301. China has pledged in the past to improve its intellectual property environment; However, the Phase One agreement contains some procedural innovations that may lead to better monitoring, implementation and implementation of China`s commitments. The agreement requires China to publish an action plan explaining how and when China will meet its IP obligations. The agreement also requires China to strengthen its application and intellectual property in a number of areas and regularly publish data on the impact of these measures. The action plan, as well as regularly published ip application data, should provide the U.S.
benchmarks to measure China`s compliance with its commitments. 1. For Americans who vote at an early stage, the agreement was even worse. For example, according to August 2020 data published on 25 September 2020, China had purchased 51 per cent of the annual imports needed to meet the purchasing target (see Chart 1, panel a). The United States and China must resume negotiations on important policies that are not affected by the first phase agreement. Trump`s trade war has failed to address what really concerns U.S.-China trade relations. It is time for a new approach. Q3: What are the obligations of the opening agreement of the currency and financial markets? Tariffs imposed by the United States and China on imports from each other have decimated bilateral trade in 2018 and 2019. So the Trump administration negotiated the legal text of the Phase 1 agreement to force China to buy an additional $200 billion of U.S. goods and services in addition to 2017 (not 2019), 2 The evaluation of the agreement for legal reasons therefore requires a comparison of 2020 with 2017.
China`s import demand for agricultural products: the impact of the phase-one trade deal (Reuters) – U.S. President Donald Trump and Chinese Vice Premier Liu He signed an agreement wednesday at the White House that reduced some U.S. tariffs on Chinese products in exchange for Chinese commitments to buy more U.S. agricultural, energy and industrial products and respond to some U.S. complaints about intellectual property practices. „But a few weeks later, they literally didn`t answer calls from the embassy.