The Ministry of Commerce of the People's Republic of China reported that Beijing and Washington have reached an agreement on the lifting of some trade restrictions. As part of the agreement, China will approve applications for the export of controlled goods that meet the established requirements, and the United States, in turn, will lift a number of restrictive measures against Chinese products.
According to the ministry, the parties maintained active contacts after the June meeting in London and agreed on additional details of the framework agreement. It is expected that these steps will help strengthen mutual trust and reduce tensions in trade and economic relations.
Beijing expects the countries to follow the agreements reached at the highest level and work together to strengthen bilateral cooperation. The ministry stressed the importance of observing the consensus reached during the telephone conversation between the leaders of China and the United States on June 5.
