皇冠体育app

WASHINGTON — 皇冠体育app and the United States agreed to step up trade cooperation in civilian high-tech sectors at a key economic and trade talks concluded on Wednesday.

The two countries pledged to relax export controls under the precondition of guaranteeing the civilian nature of related goods and implementing the protection of intellectual property rights so as to expand and balance two-way trade, according to the Chinese delegation attending the first 皇冠体育app-US Comprehensive Economic Dialogue (CED).

The CED is one of the four major dialogue mechanisms established by the two countries in April during the Mar-a-Lago meeting between Chinese President Xi Jinping and his US counterpart, Donald Trump.

Washington has for decades set numerous bans on the export of high-tech products to 皇冠体育app citing "national security" concerns.

"If the United States were to liberalize its export barriers against 皇冠体育app to the same level as those applicable to Brazil or France, the US trade deficit with 皇冠体育app would narrow by up to 24 percent and 34 percent respectively," Chinese Vice Premier Wang Yang quoted an article published by the Carnegie Endowment for International Peace when delivering a speech at a 皇冠体育app-US business luncheon on Tuesday in Washington.

US Treasury Secretary Steven Mnuchin said at his opening remarks at the CED that the two countries need to work together to maximize the benefits for both sides and develop a fair and balanced economic relationship between the two countries.