U.S.-China Trade Agreement Implementation Measures

USTR Robert Lighthizer, the lead U.S. trade negotiator, said the United States is seeking monthly meetings for lower-level officials, quarterly meetings at the vice ministerial level and semiannual meetings at the ministerial level for the enforcement process.

Noting that Beijing has typically not made good on past promises, Lighthizer said it will be critical to have tough enforcement provisions. “I can point to many examples” of the Chinese government signing on to an agreement, “and in very few cases have they actually kept their obligations,” he said.

Source:

https://asia.nikkei.com/Economy/Trade-war/US-pushes-China-for-monthly-meetings-to-enforce-trade-deal

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Opening Statement by USTR Lighthizer in public hearing on U.S.-China Trade before the House Ways & Means Committee, Feb 27, 2019.

The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives. Members of the Ways and Means Committee are not allowed to serve on any other House Committee unless they are granted a waiver from their party’s congressional leadership. The Committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, and Medicare.

The United States Constitution requires that all bills regarding taxation must originate in the U.S. House of Representatives. Since House procedure is that all bills regarding taxation and trade must go through this committee first, the committee is very influential, as is its Senate counterpart, the U.S. Senate Committee on Finance.

For Amb. Lighthizer’s full testimony, including opening statement and Q&A and written transcript, pls click on the link below C-SPAN (3 hrs, 14 min)

https://www.c-span.org/video/?458285-1/us-china-trade-relations

Click the below embedded video … and click on the two arrows in the lower right-hand corner to expand to a full-screen view of the video.

For highlights of Amb. Lighthizer’s testimony, click below.

 

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