Common Contracts
1 similar Economic and Trade Agreement contracts
ECONOMIC AND TRADE AGREEMENT BETWEEN THE UNITED STATES OF AMERICA ANDEconomic and Trade Agreement • January 15th, 2020
The Phase One economic and trade agreement signed by the United States and China on January 15, 2020, includes a chapter on Macroeconomic Policies and Exchange Rate Matters and Transparency, including policy and transparency commitments on currency issues. The chapter addresses unfair currency practices by requiring high-standard commitments to refrain from competitive devaluations and targeting of exchange rates, while significantly increasing transparency and providing mechanisms for accountability and enforcement. This approach will help reinforce macroeconomic and exchange rate stability and ensure that China cannot use currency practices to unfairly compete against U.S. exporters.
