China is set to approve applications for the export of controlled items to the United States, marking a significant step in easing trade tensions between the two global powers. This decision comes after economic and trade teams from China and the U.S. recently confirmed details on implementing important agreements reached during phone talks between the two heads of state on June 5.
A spokesperson for the Chinese Ministry of Commerce announced on Friday that both nations have maintained close communication following economic and trade discussions in London from June 9 to 10. “China will review and approve applications for the export of eligible controlled items in accordance with the law, and the United States will remove a series of restrictive measures imposed on China accordingly,” the spokesperson stated.
This mutual agreement aims to consolidate the outcomes of previous talks and foster a healthier economic relationship. China expressed hope that the U.S. will further leverage the role of the China-U.S. economic and trade consultation mechanism, enhance mutual understanding, reduce misunderstandings, and strengthen cooperation.
The move signals a potential thaw in trade relations, which could benefit businesses and consumers in both countries. By promoting stable and sustainable development of economic and trade relations, China and the U.S. are taking steps toward a more collaborative future.
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China to approve applications for export of controlled items to U.S.
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