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Wednesday, 19 Dec 2018

Deputy Minister of Commerce of China will visit the US to negotiate trade issues

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Deputy Minister of Commerce of China is going to visit the US to negotiate trade issuesDeputy Minister of Commerce of China is going to visit the US to negotiate trade issues

News24xx.com - Deputy Minister of Commerce of the People's Republic of China, Van Shouwen, will make an official visit to the United States for talks on trade and economic issues by the end of August. This is stated in the message of the Ministry of Commerce of the PRC.

"At the invitation of the American side, Deputy Minister of Commerce, deputy representative of the PRC in the international trade negotiations, Van Shouwen will head the delegation in the next decade of August to conduct trade and economic negotiations on issues of mutual interest with the US delegation led by the Deputy Minister US Treasury on International Affairs David Melpess", - the ministry said in a statement.

It stressed that China is against protectionism in trade, and "doesn’t accept unilateral trade restrictive measures." "China welcomes the negotiation and opening of a dialogue based on the principles of parity, equality and good faith",- the ministry said in a statement.

President of the United States Donald Trump has repeatedly stated that he doesn’t like the deficit in trade with China. On June 15, 2018, the leader announced that in connection with the theft of US intellectual property and technology by China and the fact that Beijing resorted to unfair trade practices, the US would impose duties of 25% on imported goods from this country for $ 50 billion. The PRC immediately responded with tariffs for the similar value of imported American products.

After that, the US representative in trade negotiations Robert Lightheiser announced the preparation of an additional list of Chinese goods worth $ 200 billion for the introduction of tariffs at a rate of 10%, motivating this step by the fact that the PRC doesn’t want to change the unfair trade practices.

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