Statement on Signing of Phase One Deal

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The American Chamber of Commerce in China (AmCham China) congratulates both the US and China on the signing of the “Phase One” deal in Washington DC this week, signaling the start of a new chapter in bilateral trade and investment relations after 18 months of escalating tariffs. While there will be time in the coming weeks to discuss the precise details of the deal, as an independent business organization bridging both countries, we prefer, for now, to emphasize that the US and China have come together to sign the deal, and agreed to continue to work on further improving the business environment, indicating a return to a more stable, cooperative commercial relationship, which is essential to the world economy in 2020.

中国美国商会祝贺中美两国本周在华盛顿特区签署“第一阶段”贸易协议,此举标志着双方在继长达18个月的贸易争端后开启了中美贸易和投资关系的新篇章。虽然接下来的数周内还将对协议细节展开讨论,作为为两国经贸关系牵线搭桥的独立的社会团体组织,我们希望突出的是中美达成一致签署协议,并承诺进一步改善营商环境,表明双方即将回归到一个更加稳定的,合作的商贸关系,这对2020年世界经济的发展将起到举足轻重的作用。

As both governments are aware, significant work remains to address longstanding, structural issues in the commercial and economic relationship. The Phase One deal creates positive momentum to make progress on these issues. We will continue to solicit feedback from our members, provide objective information to officials of both countries, and advocate for practical and workable solutions that can create a more level playing field for foreign and domestic companies in China. We will work hard to ensure our members realize the full benefits of the Phase One deal, solidifying the progress that has been made thus far, and laying the groundwork for the important next steps. In 2019, AmCham China marked its 100th anniversary, and we remain committed to fostering US-China commercial relations for the next 100 years.

正如双方政府所知,为解决中美经贸关系当中长期形成的结构性问题,大量工作亟待处理。第一阶段的协议对这些问题的解决进程创造了积极意义。我们将继续汇集商会会员的集体意见,向双方政府提供真实客观的信息,并为在华运营的国内外企业倡导一个更加公平的贸易环境提供高执行度的,奏效的解决方案。我们将继续努力确保会员能够从第一阶段达成的协议中受益,维护目前业已取得的进步成果,并为未来的谈判夯实基础。2019年,中国美国商会走过了百年历程,下个百年,我们将百尺竿头,更进一步,为推动中美贸易关系的健康发展继续努力。