The Ministry of Commerce introduced the first meeting of the Sino-US Economic and Trade Consultation Mechanism

On the afternoon of June 12, the Ministry of Commerce held a regular press conference. Some reporters asked questions about the first meeting of the Sino-US economic and trade consultation mechanism. Ministry of Commerce spokesman He Yadong: From June 9 to 10, local time, the Sino-US economic and trade teams held the first meeting of the Sino-US economic and trade negotiation mechanism in London, England. The two sides reached an agreement in principle on implementing the important agreement reached between the heads of state of the two countries on June 5 and a framework of measures to consolidate the results of the economic and trade talks in Geneva, and made new progress in resolving mutual economic and trade concerns between the two sides. In the next step, the two sides will further develop the role of the Sino-US economic and trade consultation mechanism, continue to maintain communication and dialogue, continuously enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the steady and far-reaching development of Sino-US economic and trade relations. Regarding the rare earth issue you mentioned, China, as a responsible power, fully takes into account the reasonable needs and concerns of various countries in the private sector, examines export license applications for rare earth-related items according to law and regulations, has approved a certain number of compliance applications in accordance with the law, and will continue to strengthen the approval process of compliance applications. (Sun Moon Tan Tian)