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The Ministry of Commerce of the two countries announced the establishment of a working group after nearly four and a half hours of in-depth talks between China and the United States

2023-08-29 15:00:16    Source: CCTV News Client


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The reporter learned from the Ministry of Commerce that on August 28, Minister of Commerce Wang Wentao held a meeting in Beijing with visiting U.S. Minister of Commerce Raymond, and conducted rational, frank and constructive communication on Sino US economic and trade relations and economic and trade issues of common concern.

The two sides had in-depth talks for nearly four and a half hours, announcing the establishment of a new communication channel between the Chinese and American Ministries of Commerce, and the establishment of a working group composed of Chinese and American government officials at the vice ministerial and bureau levels, with the participation of enterprise representatives, to seek solutions to specific commercial problems. The working group will hold two vice ministerial meetings annually. The two ministers agreed to communicate regularly and meet at least once a year. In addition, the two sides also launched an export control information exchange mechanism as a mechanism to explain their respective export control systems and improve communication. Both parties will exchange export control information in accordance with their respective laws.

Both parties discussed and agreed that experts from both countries would conduct technical consultation on strengthening the protection of trade secrets and confidential business information in the process of administrative licensing. (Zhang Xin, a reporter from CCTV News Client Station)

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