Us China Trade Agreement 2020 Pdf

On January 15, 2020, a first-phase agreement between the parties (the agreement) was signed in Washington [1]. It was signed for the United States by President Trump and for China by Vice Premier Liu He, who is also a member of the political bureau of the CPC Central Committee. Data on the geographic distribution of China`s foreign trade in the first quarter of 2020, released in mid-April, indicated a difficult situation in both China and partner countries (Table 3). Note, however, that the ASEAN countries have remained the only example, and therefore particularly valuable, of maintaining a positive trade dynamic with China. It should be noted that Chinese exports have generally suffered much larger losses than imports, which has allowed Chinese partners to slightly improve their monetary situation. 3Seers on value-added trade show that China is the only country to have increased its share of industrial exports (by 12% between 1995 and 2014). Between 2000 and 2014, China was also the only country where the share of labour income in value added increased [26, p. vi]. Between 2009 and 2019, according to Chinese statistics, the share of total exports of manufactured goods in the country rose from 45% to 60%. There is no doubt that anti-piracy and counterfeiting provisions on e-commerce platforms serve the interests of the United States.

It is no secret that respect for intellectual rights on popular trading platforms like AliExpress is currently highly conditioned. Whereas previously Chinese manufacturers were mainly accused of violating trademark rights, the focus is now on copyright and industrial design rights: Chinese manufacturers themselves actively borrow product models and create high-precision replicas of original products. Sections G and H of the Agreement on the Manufacture and Export of Illicit Goods and CounterfeitIng, as well as the Unfair Use of Trademarks, continue to counter-effect the production and export of cheap products that copy products of well-known brands. The protection of trade secrets and other confidential information is also a major concern of US companies active in the Chinese market and who are particularly concerned that such information will be disclosed as a result of actions taken by the authorized Chinese authorities. This issue is covered by Article 1.9 of the agreement, which prohibits the disclosure of trade secrets and other confidential information by Chinese administrative authorities and obliges them to limit their business requirements to the provision of relevant data. The first phase of the economic and trade agreement between the United States and China. Despite the tense economic situation in the country and unfavourable external conditions, Chinese leaders adopted a strategy to exit the recession in time.