Sino-US economic and trade issues are of great concern, especially the recent Sino-US economic and trade consultation mentioned by reporters. Zhong Shan, Minister of Commerce, said in response to a reporters question, Ill make an exchange with you on the basis of the relevant information between China and the United States during the 90-day consultation period.
Zhong Shan said that first of all, China and the United States should jointly implement the consensus reached by the two heads of state, What I emphasize is common.
Zhong Shan said that after the meeting between the two heads of state in December last year, the stock markets of China and the United States rebounded, which also led to the rise of global stock markets. This shows that the consensus of the two heads of state reflects the common aspirations of the two countries and the common expectations of the whole world.
The principles that the two countries need to adhere to in their consultation are mutual respect, equality and mutual benefit. Mutual respect means respecting their respective social systems and development models. Equality and mutual benefit means that the status of consultation is equal and the outcome of consultation is mutually beneficial. During the 90 days, the two sidesteams have held consultations on this principle.
In addition, we are very concerned about the progress of the consultation. Zhong Shan said that during the 90-day period, China and the United States conducted three rounds of high-level consultations. Not long ago, Vice Premier Liu He, as President Xi Jinpings special envoy, led the Chinese delegation to the United States for consultations. The consultation process is very difficult and difficult. Zhong Shan said that the difficulty is that there are great differences in the systems, cultures, development stages and so on between the two countries. In order to reach a consensus, both sides need to seek common ground while reserving differences and make greater efforts, so it is very difficult and not easy.
Very hard is because the consultation time is very short. At that time, the two-day consultation time was fixed, and then increased by two days, but it is still very tense. Negotiations are a lot of content and difficult, requiring our team to work overtime, night and day, they are very hard, professional, and very hard.
The consultation between the two sides was also fruitful. Zhong Shan said that after 90 days of consultation, important results have been achieved at different stages. Breakthroughs have been made in some areas. According to the consultation situation, the two sides agreed to continue to extend the consultation period without raising tariff rates. Its not easy to achieve such a result. We should cherish it more.
At present, the working group is still continuing to negotiate, because there is still much to be done, and it is even more necessary for the two sides to work together. If an agreement can be reached, it will be conducive to the economic development of the two countries and to the development of the global economy.