Source: Ministry of Commerce website, November 10th message, the spokesperson for the Ministry of Commerce responded to questions regarding the U.S. suspension of implementing 301 investigation measures in the shipbuilding industry.
Reporter: On November 9th, Eastern Time, the Office of the United States Trade Representative issued a notice announcing that it will suspend the implementation of 301 investigation measures in the shipbuilding industry and other sectors against China from November 10th. What is the Ministry of Commerce's comment on this?
Response: The Chinese side noted that the U.S. issued a notice on the local time of November 9th, announcing that it will suspend the implementation of 301 investigation measures in the shipbuilding industry and other sectors against China for one year starting at 00:01 on November 10th. This specifically includes suspending the collection of port fees on related Chinese ships and suspending additional tariffs on equipment such as ship-to-shore cranes from China. This is an important step by the U.S. to move in the same direction as China and jointly implement the consensus reached during the Kuala Lumpur economic and trade consultations between China and the U.S. On the same day, China also suspended the corresponding countermeasures.
The Chinese side is willing to communicate and negotiate with the U.S. on relevant issues based on the principles of mutual respect and equal consultation, and looks forward to the U.S. continuing to move in the same direction as China, jointly maintaining a fair competitive environment in the international shipping and shipbuilding markets, and injecting more certainty and stability into Sino-U.S. economic and trade cooperation and the world economy.

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