US's Lighthizer: "Phase One Trade Deal Is a Major Progress"

[Asia Economy Reporter Buaeri] Robert Lighthizer, United States Trade Representative (USTR), on the 13th (local time) evaluated the US-China Phase One trade agreement as a significant advancement.

In an interview with Fox Business on the same day, Representative Lighthizer said, "The provisions regarding China's purchase of goods are enforceable," and added, "It is a really good agreement."

He continued, "Issues in the goods trade sector are relatively easier to handle, but compliance with the agreement needs to be monitored concerning intellectual property rights and financial market opening," and expressed, "We expect them to fulfill their promises."

Representative Lighthizer stated that the remaining issues between the two countries will be resolved through the second and third rounds of negotiations, adding, "At least for me, it is a big deal to get a really major negotiation started."

The United States and China announced on the 13th of last month that they had reached a Phase One trade agreement, which includes China's increased purchase of US agricultural products, US tariff reductions on China, and expanded opening of China's financial markets.

The US and China plan to sign the Phase One agreement on the 15th. To this end, a delegation led by Chinese Vice Premier Liu He is staying in Washington.

This content was produced with the assistance of AI translation services.