Page 9 - 2021 Policy Watch
P. 9
The American Chamber of Commerce in South China
a balanced and win-win deal that benefits both sides, ç¾?´§?©è´¸???5601亿ç???????ä¸??0.4%ï¼??
rather than a ??ift?? or favor bestowed by one side to the ç¾?´§?©è´¸???»é???14.9%???äº???½å?å¾?¸?½å?
other. China is always sincere about advancing bilateral ???ç¨???´è?ä¸??è¿???¥å?ä¸????????è¿??
relations. China hopes the EU side will work toward é¢?4354.5亿ç???????ä¸??3.6%ï¼??ç¾???£æ?»é?
the same direction as China, could do less emotional ??18.6%ï¼??????£é?1246.5亿ç???????ä¸??
venting and more rational thinking, and make correct 17.1%ï¼??ç¾???£æ?»é???8.7%??
decisions in line with its own interests. German Chan- ?½ç??°å???????对ä¸ç¾??æµ???????¤§?²å?ï¼?
cellor, Angela Merkel told the press that she could con- ä½???»æ?åº??为ä¸?½å??°å???´ä¹°ç??½äº§?????
tinue to guarantee the value of ??very word?? of the Chi- 诺履è¡???µç????ä¸??å¤?????æ¤ï?????¿å???
na-EU investment agreement under negotiation since 注ç????å°???¨ä¸?½æ?诺è?è¡??ç»???§æ??©ä???
2013. If the agreement can take effect, market access CPTPP???èº?PP??ç»?????è¯?º§???款ä?äº??
for European companies in China will be improved, 18ç«????83?¡ï?涵ç?????????????©ã??????
and climate protection and labor standards will also be å¿????ä¸??å¯??å®??ä¿??è§??ä¸??è¯?º§????³ç?
addressed. However, she admitted that ??eijing?? sanc- ç¨???§è?å®???¶å??°æ?款ç?è¾??RCEP对ç?è¯?º§
tion?? made it more difficult for the European parlia- ????¤æ??ºæ?é«??è¦????PTPP?¨é???????
ment to ratify the Agreement. ?????TPP?¥è?产æ?ç«??ä¸??11?¡å?ï¼???¸è?äº?
RCEPä»???????????æ±?¸¥ä¹???¹ã??TA主è?
4. Introduction to ETA è¦??ä¸??两å??¨ç?æµ?´¸????¤è?ç¨?¸æ¶?????å¿?
è®??ï¼?????è¯?º§???????½¬è®©ã????????º§??
ETA was signed on 15th January 2020. It mainly cov- è´¸æ????????¡ã???è§??æµ??ç???????é¢????
ers core issues involved in economic and trade negotia- ??º¦???大贸????±å?ç«?????äº?¸ç¾???´ç???
tions between China and the United States, including å¿??é¢????äº?AI???没æ????è¯?????ï¼??å¤?
8 chapters regarding intellectual property, technology ä»??ç®????????
transfer, food and agricultural trade, financial services,
macroeconomic policy, exchange rate matters, trans- 9
parency, and expanding trade.6
On 5th May 2021, Katherine Tai, US Trade Represen-
tative spoke at a virtual forum held by the Financial
Times, that she expected to meet her Chinese counter-
part ??oon?? to discuss and assess the US-China Phase
1 Trade Agreement concluded in Trump?? administra-
tion. She also said, the current US government would
work from the trade agreement with China by Trump??
administration and she would respect the continuity of
Phase 1 Trade Agreement.
According to ETA, China committed to further pur-
chase American goods and services valued US $200
billion by the end of 2021, with to reduce trade barri-
ers. Data reported that, by the middle of 2020, China
implemented about 50% of the commitment. On 23rd
October 2020, the Office of the US Trade Represen-
6 The ETA is not a treaty, but a first stage in a trade agreement
between two countries having the largest economies in the world, China
and the USA. Anti-Chinese sentiment is calling for decoupling of two
economies, deliberately obscuring the advantage of trade, including the
fact that China is purchasing billions of dollars of farm products from
the USA
a balanced and win-win deal that benefits both sides, ç¾?´§?©è´¸???5601亿ç???????ä¸??0.4%ï¼??
rather than a ??ift?? or favor bestowed by one side to the ç¾?´§?©è´¸???»é???14.9%???äº???½å?å¾?¸?½å?
other. China is always sincere about advancing bilateral ???ç¨???´è?ä¸??è¿???¥å?ä¸????????è¿??
relations. China hopes the EU side will work toward é¢?4354.5亿ç???????ä¸??3.6%ï¼??ç¾???£æ?»é?
the same direction as China, could do less emotional ??18.6%ï¼??????£é?1246.5亿ç???????ä¸??
venting and more rational thinking, and make correct 17.1%ï¼??ç¾???£æ?»é???8.7%??
decisions in line with its own interests. German Chan- ?½ç??°å???????对ä¸ç¾??æµ???????¤§?²å?ï¼?
cellor, Angela Merkel told the press that she could con- ä½???»æ?åº??为ä¸?½å??°å???´ä¹°ç??½äº§?????
tinue to guarantee the value of ??very word?? of the Chi- 诺履è¡???µç????ä¸??å¤?????æ¤ï?????¿å???
na-EU investment agreement under negotiation since 注ç????å°???¨ä¸?½æ?诺è?è¡??ç»???§æ??©ä???
2013. If the agreement can take effect, market access CPTPP???èº?PP??ç»?????è¯?º§???款ä?äº??
for European companies in China will be improved, 18ç«????83?¡ï?涵ç?????????????©ã??????
and climate protection and labor standards will also be å¿????ä¸??å¯??å®??ä¿??è§??ä¸??è¯?º§????³ç?
addressed. However, she admitted that ??eijing?? sanc- ç¨???§è?å®???¶å??°æ?款ç?è¾??RCEP对ç?è¯?º§
tion?? made it more difficult for the European parlia- ????¤æ??ºæ?é«??è¦????PTPP?¨é???????
ment to ratify the Agreement. ?????TPP?¥è?产æ?ç«??ä¸??11?¡å?ï¼???¸è?äº?
RCEPä»???????????æ±?¸¥ä¹???¹ã??TA主è?
4. Introduction to ETA è¦??ä¸??两å??¨ç?æµ?´¸????¤è?ç¨?¸æ¶?????å¿?
è®??ï¼?????è¯?º§???????½¬è®©ã????????º§??
ETA was signed on 15th January 2020. It mainly cov- è´¸æ????????¡ã???è§??æµ??ç???????é¢????
ers core issues involved in economic and trade negotia- ??º¦???大贸????±å?ç«?????äº?¸ç¾???´ç???
tions between China and the United States, including å¿??é¢????äº?AI???没æ????è¯?????ï¼??å¤?
8 chapters regarding intellectual property, technology ä»??ç®????????
transfer, food and agricultural trade, financial services,
macroeconomic policy, exchange rate matters, trans- 9
parency, and expanding trade.6
On 5th May 2021, Katherine Tai, US Trade Represen-
tative spoke at a virtual forum held by the Financial
Times, that she expected to meet her Chinese counter-
part ??oon?? to discuss and assess the US-China Phase
1 Trade Agreement concluded in Trump?? administra-
tion. She also said, the current US government would
work from the trade agreement with China by Trump??
administration and she would respect the continuity of
Phase 1 Trade Agreement.
According to ETA, China committed to further pur-
chase American goods and services valued US $200
billion by the end of 2021, with to reduce trade barri-
ers. Data reported that, by the middle of 2020, China
implemented about 50% of the commitment. On 23rd
October 2020, the Office of the US Trade Represen-
6 The ETA is not a treaty, but a first stage in a trade agreement
between two countries having the largest economies in the world, China
and the USA. Anti-Chinese sentiment is calling for decoupling of two
economies, deliberately obscuring the advantage of trade, including the
fact that China is purchasing billions of dollars of farm products from
the USA
