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WASHINGTON – (BLOOMBERG) – The next round of trade talks between China and the United States will begin in Beijing this week with significant unresolved issues, according to a senior government official.
Although both sides are keen to reach an agreement, US President Donald Trump may leave the negotiating table with China if he is not satisfied with the state of the negotiations. advancing negotiations, said the person who requested anonymity. .
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to begin talks in Beijing on Tuesday (April 30th) with Vice Premier Liu He.
Discussions will focus on trade issues such as intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, procurement and law enforcement, according to a White House statement.
Liu will then lead a Chinese delegation to Washington for additional talks starting May 8th. Negotiators said they were close to concluding an agreement and Trump said last week that Chinese President Xi Jinping will soon be in the White House at the White House.
The one-year trade war weighed on confidence and deliveries, with nine of the ten indicators Bloomberg tracks to gauge the health of global trade below its mid-point.
Even so, the world 's two largest economies have recently released better – than – expected gross domestic product reports for the first quarter, reinforcing their optimism that headwinds are easing for the first quarter. Mondial economy.
The Trump administration said last week that China has failed to strengthen IP protection and open its market to more foreign companies, despite promises of reform of Beijing.
The United States has kept China on a "priority watch list" of countries that do not properly protect intellectual property rights, according to the US Trade Representative's annual report on intellectual property practices in the United States. world.
Xi devoted much of his speech Friday to some 40 world leaders. He addressed China's domestic reforms, promised to abolish state subsidies, protect intellectual property rights, allow foreign investment in more sectors and avoid a competitive devaluation of the yuan.
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