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Friday, May 1, 2020

US Says China Sticking To Commitments in Phase One Deal

China is still “very, very committed” to meeting the terms of the Phase One trade deal with the U.S. despite the impacts of the COVID-19 situation, according to a senior U.S. trade official.

The two sides hold regular discussions, often daily, on implementation of the trade deal. Despite the challenges from the pandemic, the official said that China is sticking to its commitments.

"We will continually assess its implementation of the Phase One agreement," said the official. "We have had very good interactions with Chinese (officials) on that, and they are continuing to implement their obligations."

The official made the comments during a briefing on the annual USTR Special 301 report, in which it noted it was still assessing intellectual property (IP) changes that China committed to in the Phase One deal.