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The EU wants to examine the trade agreement between the United States and China

2020-01-17 14:41:20

The issue we will talk about in this article is the EU wants to examine the US and Chna trade agreement.

We have that the EU is interested in examining the partial solution that was reached regarding compliance with world trade rules in the trade agreement between the United States and China.

What is the EU trade commissioner's thinking about the US and Chna trade agreement?

The opinion of Phil Hogan, the current EU commissioner expresses that, the devil is in the details, on Thursday, this agreement is different from normal, among the great powers only. It is important to verify whether the WTO, said by Hogan, is being complied with, to resolve disputes international trade relations should be regulated by the world trade organization.

What is known about the trade agreement between the United States and China?

The partial agreement was signed on Wednesday, where China promised to import additional US products between 200 billion dollars, thus reducing the US trade deficit, being industrial, agricultural, energy and service goods, by The US side intends to cut certain import tariffs and stop threatened increases, the world economy is being affected by this dispute, more for exporters such as Germany, Dieter Kempf the president of the BDI, warned that the agreement is a breakthrough partial, but it will be temporary calm.

Trump wants these trade problems to be clearer, so the agreement will have a second phase of the negotiation, Trump Tweets that the United States is in a great position, on the other hand Hogan said that in the first agreement the structural reforms of China did not exist , the EU and the US The United States wants the Chinese market to open up and not to support its own companies with millionaire subsidies, which is why Trump's accusation towards China that it employs unfair commercial practices, where the intellectual property of US companies is stolen .

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