China News Agency, Beijing, March 2 (Reporter Li Xiaoyu) Wang Shouwen, the international trade negotiator and vice minister of the Ministry of Commerce of China, said on the 2nd that he is willing to have candid consultations with the United States to communicate and coordinate on reducing bilateral trade and investment restrictions.
Wang Shouwen said at a press conference held that day that Sino-US economic and trade relations have not only been affected by the epidemic in the past two years, but also by some unilateral protectionist measures adopted by the United States.
Despite this, the trade volume between China and the United States is still at a record high.
According to Chinese statistics, bilateral trade reached more than 750 billion US dollars last year.
This fully demonstrates the strong complementarity and resilience of the economic and trade relations between China and the United States.
But he also admitted that the potential of this complementarity and resilience has not been fully realized.
The United States has adopted some restrictive measures on Sino-US trade, which has restricted the development of bilateral economic and trade relations, damaged the comparative advantages of the United States and the competitiveness of its own products, and also damaged the confidence and willingness of Chinese and American companies to strengthen cooperation.
For example, the United States has imposed 301 tariffs on China for more than four years.
The WTO has ruled that Section 301 tariffs do not comply with WTO regulations.
The United States has also included some Chinese companies in the list of export control entities on the grounds of national security.
Wang Shouwen said that the heads of state of China and the United States met in Bali in November last year and agreed that the bilateral economic and trade teams should conduct coordination dialogues.
China is willing to work with the United States to implement the consensus reached by the two heads of state, follow the principles of mutual respect, peaceful coexistence, and win-win cooperation, abide by WTO rules, market economy rules, and free trade principles. Communication and coordination.
"We need to create a stable and predictable Sino-U.S. economic and trade environment, and enhance the confidence of enterprises of the two countries in cooperation," Wang Shouwen said, "I believe that Sino-U.S. economic and trade cooperation will set new records in the future."
He said that the United States is the host of the Asia-Pacific Economic Cooperation (APEC) series of meetings this year. China and the United States can take this opportunity to conduct dialogues through bilateral, regional and multilateral channels to promote the resolution of their respective concerns in the economic and trade field.
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