Reporter: Recently, US officials and media reported that China and the US have reached a supplementary understanding on the framework for implementing the Geneva consensus and China will speed up the export of rare earths to the US, and the US will correspondingly cancel relevant restrictions on China. What is the Ministry of Commerce’s comment
Answer: Under the guidance of the consensus reached by the heads of state of China and the US, the economic and trade teams of the two countries held economic and trade talks London from June 9th to 10th, and reached a principled agreement on the framework for implementing the important consensus reached by the two heads of state in their call on June 5th and consolidating the achievements of the economic and trade talks in Geneva. After the London talks, the teams of China and the US have maintained close communication Recently, with approval, both sides further confirmed the details of the framework. China will review and approve the export applications for controlled items that meet the conditions according to the law. The will correspondingly cancel a series of restrictive measures taken against China. It is expected that the US and China will work in the same direction, further play the role of the China- economic and trade consultation mechanism in accordance with the important consensus and requirements of the phone call between the two heads of state on June 5th, constantly enhance consensus, reduce misunderstanding strengthen cooperation, and jointly promote the healthy, stable and sustainable development of China-US economic and trade relations.
(Original title: Ministry of Commerce spokesman answers reporters’ about the situation of China-US London framework)
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