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US trade groups urge China to increase purchases of US goods, services

Byindianadmin

Jul 7, 2020 #goods, #services
US trade groups urge China to increase purchases of US goods, services

WASHINGTON: The

US Chamber

of Commerce and over 40

trade associations

on Monday urged top American and Chinese officials to

redouble efforts

to implement a Phase 1 trade agreement signed by the world’s two largest economies in January despite pandemic-related strains.

In a letter to US Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He, the groups said they were encouraged by the

progress

so far, but urged a significant increase in China’s purchases of US goods and services.

They said



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