Negotiations are making progress! Both Chinese and American negotiation representatives expressed their positions simultaneously! According to the report of Singapore Lianhe Zaobao on June 11, after the second day of talks, Deputy Minister of China's Ministry of Commerce, Li Chenggang, stated that the Chinese and American negotiation teams had agreed on a trade framework after two days of talks, which would be reported back to their respective leaders. Both sides have, in principle, reached an agreement on implementing the consensus of the phone call between the two heads of state on June 5th and the Geneva meeting consensus.
Meanwhile, US Commerce Secretary Raimondo also told reporters: "We have reached a framework for implementing the Geneva consensus. Once approved by the President, we will work hard to implement it." Clearly, both sides confirmed that they had reached a trade framework, indicating that the negotiations between China and the United States were progressing. Of course, the specific contents of the reached trade framework were not disclosed by either side this time.
Moreover, one very different aspect of this round of negotiations compared to the dialogue in Geneva is that both sides believe the roughly agreed trade framework needs to be reported to the highest leader. This was not the case during the Geneva dialogue. On the one hand, this shows that trade negotiations are one of the most pressing matters for the leaders of both countries at present; on the other hand, it may indicate that both sides have significant concerns that need to be known by their respective highest levels, who must agree before further negotiations can continue.
Furthermore, we noticed that it was US Commerce Secretary Raimondo who came out to speak, indicating that the related topics necessarily involve issues such as relaxing US technology controls, which mainly concern chips, chip design software, aviation engines, ethane, etc. It can be said that the current negotiations have reached an important node, and both sides still need to negotiate further.
Original article: https://www.toutiao.com/article/1834593038098698/
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