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Home > News > Market Flash > Lock the outcome of the consultation and move China and the United States closer

Lock the outcome of the consultation and move China and the United States closer

ECHEMI 2019-11-05

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On the evening of October 25, the leaders of China and the United States held a new round of economic and trade negotiations for the first time. On the 25th of the US east time, the US trade representative office issued a statement first. "They have made progress on specific issues, and both sides are close to finalizing certain parts of the agreement," the statement said. On the morning of October 26, Beijing time, the state news agency also sent a message. Beijing, Oct. 26, Xinhua News Agency Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and Chinese leader of the China US comprehensive economic dialogue, was invited to talk with us trade representative lait sizer and finance minister mu nuqin on the evening of Oct. 25. The two sides agreed to properly resolve their core concerns and confirmed that the technical consultation of some texts was basically completed. The two sides agreed to reach a consensus on the importation of China's self-produced cooked poultry, catfish products regulatory system and the lifting of the ban on US poultry exports to China and the application of public health information system for meat products. The leaders of both sides will call again in the near future.

During this period, the working layer will continue to hold consultations. The public statements of China and the United States have continued their coordination for some time, both in terms of time and content, which shows that the current negotiations are progressing smoothly. To be specific, some of the latest key information of the consultation has been disclosed, and several points deserve attention. First of all, both sides are forming a consensus on how to deal with their core concerns. On the basis of equality and mutual respect, we should take care of each other's core concerns, which is China's principled position in consultations. However, it is clear that there is a gap between the US and China in terms of cognition - more than ten rounds of consultation, continuous communication, running in and even repetition, which is closely related to this. For the first time, the statement "both sides agree to properly solve their respective core concerns" appeared, which shows that China and the United States have gradually converged in their positions on taking care of each other's core concerns. Among them, there is also a specific elaboration "the two sides confirmed that they have reached consensus on the import of China's own cooked poultry by the United States, the equivalence of the regulatory system for catfish products, the lifting of the ban on the export of American poultry to China by the Chinese side, and the application of the public health information system for meat products."

The expression is very professional. The "public health information system (PHIS)" mentioned in it is an information system developed and used by the United States Department of agriculture for the management of health certificates of meat products exported to the United States. Through this system, the Chinese customs can inquire about the relevant information of all the health certificates of meat products exported to China issued by the United States, and check with the paper certificates attached to the imported goods during the port inspection to confirm the authenticity and validity of the certificates. It is understood that the use of the system can improve the safety of the U.S. meat product certification system, promote the cooperation between the two countries' security regulatory authorities, and further ensure the safety of U.S. meat products exported to China. " It is believed that the professional department will make further interpretation on the technical details soon. From the perspective of text, it is necessary to see that this statement reflects a more obvious balance and takes into account the core concerns of both sides.

The expression "both parties agree to properly solve their respective core concerns" is hereby confirmed. The wording reflects a very critical change. Second, China and the United States are gradually locking in the outcome of the consultation and moving closer to the phased agreement. There is another sentence in the message, which is also the first time. After the completion of the high-level consultation on China US economic and trade on October 11, the communication between the economic and trade teams of the two sides has been going on in full swing. At a regular press conference on October 17, the Ministry of Commerce revealed that "the economic and trade teams of both sides are maintaining close communication and stepping up their work in accordance with the consensus reached in the last round of high-level consultations." In recent two weeks, the economic and trade team has made great efforts to communicate with each other, and is in the phrase of the leader's call. The technical consultation of some texts has been basically completed ", which means that China and the United States are locking in the consensus results reached in the previous consultation. According to the past experience and practice, with the completion of the technical negotiation of the negotiation text, the negotiation will enter the stage of text translation and legal review, which means that the two-way phased agreement will move closer.

In addition, the following consultations between the two sides will remain fast-paced. Both China and the United States said to the outside world that the leaders of both sides will call again soon and the working level will continue to hold consultations. This shows that if the current positive momentum can be maintained, the consultation between China and the United States will continue to move forward at a fast pace. When China and the United States talk about this stage, on the basis of equality and mutual respect, the possibility of reaching a phased agreement is increasing a little bit, which is not easy. However, it should be noted that at this time of high sensitivity and complexity, people are very concerned about every little bit of disturbance. Think deeply, think a lot. Therefore, at present, it is particularly necessary for both sides to remain rational and calm, act in the opposite direction, properly address each other's core concerns on the basis of equality and mutual respect, strive to create a good environment and achieve the common goals of both sides. It is very important to keep the current positive progress. Although there are some differences between China and the United States, the interests of the two sides are highly integrated and the fields of cooperation are broad. Instead of falling into the so-called conflict and confrontation trap, they should promote and develop each other.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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