Unlike other trade deals, where disputes are usually referred to a neutral third party, the US and China have decided to resolve all the issues themselves. The agreement creates so-called bilateral assessment and dispute resolution offices to counter and assess complaints. The agreement also provides for an appeal process that will address issues ranging from mid-level officials to the offices of the U.S. Trade Representative and the Chinese Vice Premier. The deal aims to ease some U.S. economic sanctions against China, while Beijing is to step up the purchase of U.S. agricultural products and other goods. Trump cited beef, pork, poultry, seafood, rice and dairy as examples. Beijing is also relaxing licensing, inspection and registration rules that the US has seen as barriers to trade. The amendments concern products such as meat, poultry, animal feed, seafood, animal feed, baby food, dairy products and biotechnology. The agriculture chapter addresses structural barriers to trade and will support a dramatic expansion of U.S. food, agricultural and seafood exports, increase U.S. farm and fishery incomes, generate more rural activity, and boost job growth.
A large number of non-tariff barriers to U.S. agriculture and seafood products are addressed, including meat and poultry, seafood, rice, dairy products, infant formula, horticultural products, animal feed and feed additives, pet food, and agricultural biotechnology products. Read the nearly 100-page trade deal between the U.S. and China One of the most important questions that have been asked in negotiations with China has been how an agreement would be implemented. After watching previous deals with China fail to deliver on their promises, many U.S. experts and leaders were skeptical that the Trump administration could get China to live up to the commitments it has made. “We are marking more than an agreement. It contains provisions to prevent Chinese government officials from applying administrative and regulatory procedures to detect foreign companies` trade secrets and pass this information into the hands of Chinese competitors.
Nevertheless, the Phase 1 deal did not resolve Washington`s fundamental differences with Beijing, which needs massive state intervention in the economy to turn China into a technological power. House spokeswoman Nancy Pelosi, D-Calif, said in a statement that “with the economy losing thousands of manufacturing jobs and farm country stumbling from the damage caused by President Trump, Americans have nothing but a striking televised ceremony to try to hide the total lack of concrete progress, transparency or accountability in this `phase one` deal.” Trump has encouraged the signing of trade as a way to bring economic justice to American workers, whom he claims have been betrayed by previous governments and their trade policies.