UNCLASSIFIED
FM PEKING
TO PRIORITY FCO
TELNO 1413
OF 130939Z OCTOBER 92
AND TO PRIORITY WASHINGTON
UNCLASSIFIED
Huz ogdz низ
Pa
له
пер
INFO PRIORITY HONG KONG, BTC HONG KONG, UKMIS GENEVA
131743
MDLIAN 7893
US/CHINA TRADE NEGOTIATIONS
SUMMARY
1.
US AND CHINA REACH AGREEMENT ON MARKET ACCESS FOR AMERICAN EXPORTS TO THE PRC. CONCESSIONS ON BOTH SIDES, BUT AMERICANS APPARENTLY CONTENT. A MAJOR OBSTACLE TO CHINA'S GATT APPLICATION REMOVED.
DETAIL
2. ACCORDING TO THE US EMBASSY HERE, ON 9 OCTOBER CHINA AND THE US REACHED AN AGREEMENT ON IMPROVING MARKET ACCESS TO THE PRC FOR AMERICAN EXPORTS. THE AGREEMENT WAS REACHED IN PRINCIPLE AHEAD OF THE 10 OCTOBER DEADLINE AFTER WHICH THE US WOULD HAVE HAD TO IMPOSE SANCTIONS AGAINST CHINESE IMPORTS. THE TEXT OF A MEMORANDUM OF UNDERSTANDING WAS AGREED ON 10 OCTOBER.
3.
THEY
THE US EMBASSY HAVE NOT YET RECEIVED A COPY OF THE MOU BUT REPORT THAT THE CHINESE HAVE AGREED TO MAKE PROGRESS ON THE KEY ISSUES OF CONCERN: TRANSPARENCY OF TRADE LAWS AND PRACTICES, LICENSING, OTHER NON-TARIFF BARRIERS, TESTING AND STANDARDS. WERE NOT ABLE TO SECURE A COMMITMENT TO PHASE OUT LICENSING OR IMPORT RESTRICTIONS COMPLETELY, BUT THE CHINESE HAVE AGREED TO TIMETABLES FOR REDUCING THESE RESTRICTIONS QUOTE OVER A PERIOD OF SEVERAL YEARS UNQUOTE. A SUB MINISTER'S WORKING GROUP UNDER THE OFFICE OF THE US TRADE REPRESENTATIVE WILL BE ESTABLISHED TO MONITOR IMPLEMENTATION OF COMMITMENTS MADE IN THE MOU.
4.
THE EMBASSY SAID THAT THE AGREEMENT CLEARED THE WAY FOR AMERICAN SUPPORT FOR CHINA'S GATT APPLICATION. THEY EXPECTED THE MOU TO INCLUDE A STATEMENT ALONG THESE LINES.
COMMENT
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