ECONOMIC AND TRADE AGREEMENT BETWEEN THE UNITED STATES OF AMERICA ANDEconomic and Trade Agreement • January 15th, 2020
Contract Type FiledJanuary 15th, 2020The Phase One economic and trade agreement signed by the United States and China on January 15, 2020, commits China to undertake structural changes to open up its economy and improve its trade regime. It is expected that these changes and other trade liberalization being pursued by China will lead to improved trade flows benefiting China’s trade partners, especially the United States. China is facing increased consumer demand from its growing middle class for high-quality imports of goods and services, which the United States is able to produce and supply at competitive prices.