If you ask U.S Trade Representative Robert Lighthizer, he will tell you the importance of Phase One goes beyond increased market access for American farmers and producers.

 

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"The United States and China are two great countries with two great economies, but two very different economic systems. It is imperative that we develop trade and economic rules and practices that allow us both to prosper. The alternative is not acceptable for either of us."

 

For example, China has agreed to update its regulatory system for Ag Biotech imports, moving towards an emphasis on transparency, science-based and risk-based outcomes and improved turn-around time for review of product applications for approval.  In addition, China will enhance protections for U.S. brand-names, and those Ag and food products associated with geography indications.

 

 

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