- Negotiations
Washington and Beijing began formal negotiations towards a bilateral investment treaty (BIT) in June 2008. A year later, the highly sensitive talks were halted until July 2013. The US is interested in getting Chinese restrictions on foreign ownership in about 100 sectors — from soybean oil and automobiles to life insurance and other financial services — lifted for US companies which want to expand their market presence there. The Chinese government is interested in getting more security for highly-scrutinised Chinese investments in the US and its massive holdings of US sovereign debt ($1.3 trillion).
In late 2013, China agreed to initiate talks on a possible BIT with the European Union as well.
July 2014
21-Apr-2020
CNN
As Donald Trump ups the pressure on China regarding coronavirus, the hard-fought trade deal between the two countries is falling by the wayside.
10-Apr-2020
South China Morning Post
China was due to release intellectual property action plan 30 working days after phase one trade deal came into force on February 15.
25-Mar-2020
Yahoo
The United States and China have made progress in implementing the agriculture-related provisions of a Phase 1 trade deal that took effect on Feb. 14, the USDA and USTR said.
16-Mar-2020
Reuters
China has drawn up food safety standards on residue limits of growth hormones in beef, a move seen as a further step towards opening up its market to American imports of the meat.
9-Mar-2020
Bloomberg
The US is willing to show China some flexibility on its pledges to boost American imports as long as Beijing ensures exports don’t surge when production returns to full strength.
26-Feb-2020
South China Morning Post
US trade representative and Agriculture Secretary signed a letter praising China’s progress on trade deal. They did not mention coronavirus outbreak but said China ‘fully expected’ to meet terms.
4-Feb-2020
New York Times
The rapidly spreading coronavirus could claim one more victim: the United States-China trade deal.
3-Feb-2020
IATP
What does what we know of the so-called Phase One deal mean for US agribusiness exports to China and, down the value chain, for US farmers?
30-Jan-2020
Mondaq
China agreed to extend patent terms for novel drugs "to compensate for unreasonable delays that occur in granting the patent or during pharmaceutical product marketing approvals."
22-Jan-2020
IELP
What exactly did China agree to? There are a lot of obligations in here, and many of them are specific and technical. Only experts in a particular area may fully understand them.