On Wednesday, the United States and China signed the first phaseof a deal that has been three years in the making. The deal remainsvague on what happens next, simply stating that "the parties willagree upon the timing of further negotiations."
However, here is what the deal has to say around five key pointsof contention:
|1. Intellectual property
"The U.S. recognizes the importance of intellectual propertyprotection. China recognizes the importance of establishing andimplementing a comprehensive legal system of intellectual propertyprotection and enforcement as it transforms from a majorintellectual property consumer to a major intellectual propertyproducer. China believes that enhancing intellectual propertyprotection and enforcement is in the interest of building aninnovative country, growing innovation-driven enterprises, andpromoting high quality economic growth."
Why it matters: This is at the heartof the U.S.'s 301 case againstChina that started the trade war.
|2. Chinese purchases of U.S. goods and services
"During the two-year period from January 1, 2020 throughDecember 31, 2021, China shall ensure that purchases and importsinto China from the U.S. of the manufactured goods, agriculturalgoods, energy products, and services identified in Annex 6.1 exceedthe corresponding 2017 baseline amount by no less than $200billion."
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