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The US-China Commercial Relationship

Joint Statement of the United States and China Regarding Trade Consultations

May 24 , 2018

At the direction of President Donald J. Trump and President Xi Jinping, on May 17 and 18, 2018, the United States and China engaged in constructive consultations regarding trade in Washington, D.C. The United States delegation included Secretary of the Treasury Steven T. Mnuchin, Secretary of Commerce Wilbur L. Ross, and United States Trade Representative Robert E. Lighthizer. The Chinese delegation was led by State Council Vice Premier Liu He, Special Envoy of President Xi.

There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China. To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States.

Both sides agreed on meaningful increases in United States agriculture and energy exports. The United States will send a team to China to work out the details.

The delegations also discussed expanding trade in manufactured goods and services. There was consensus on the need to create favorable conditions to increase trade in these areas.

Both sides attach paramount importance to intellectual property protections, and agreed to strengthen cooperation. China will advance relevant amendments to its laws and regulations in this area, including the Patent Law.

Both sides agreed to encourage two-way investment and to strive to create a fair, level playing field for competition.

Both sides agreed to continue to engage at high levels on these issues and to seek to resolve their economic and trade concerns in a proactive manner.

根据习近平主席和特朗普总统的指示,2018年5月17日至18日,由习近平主席特使、国务院副总理刘鹤率领的中方代表团和包括财政部长姆努钦、商务部长罗斯和贸易代表莱特希泽等成员的美方代表团就贸易问题进行了建设性磋商。
 
双方同意,将采取有效措施实质性减少美对华货物贸易逆差。为满足中国人民不断增长的消费需求和促进高质量经济发展,中方将大量增加自美购买商品和服务。这也有助于美国经济增长和就业。
 
双方同意有意义地增加美国农产品和能源出口,美方将派团赴华讨论具体事项。
 
双方就扩大制造业产品和服务贸易进行了讨论,就创造有利条件增加上述领域的贸易达成共识。
 
双方高度重视知识产权保护,同意加强合作。中方将推进包括《专利法》在内的相关法律法规修订工作。
 
双方同意鼓励双向投资,将努力创造公平竞争营商环境。
 
双方同意继续就此保持高层沟通,积极寻求解决各自关注的经贸问题。
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