The Ministry of Commerce introduces the situation of the first meeting of the China-U.S. economic and trade consultation mechanism

On the afternoon of June 12, the Ministry of Commerce held a regular press conference, where a reporter asked about the first meeting of the China-U.S. economic and trade consultation mechanism. Ministry spokesperson He Yadong stated: From June 9 to 10 local time, the China-U.S. economic and trade teams held the first meeting of the China-U.S. economic and trade consultation mechanism in London, UK. The two sides reached a principled consensus on the framework of measures to implement the important consensus from the phone call between the two heads of state on June 5 and to consolidate the results of the Geneva economic and trade talks, achieving new progress in addressing each other's economic and trade concerns. In the next step, both sides will further leverage the role of the China-U.S. economic and trade consultation mechanism, continue to maintain communication and dialogue, enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the stable and long-term development of China-U.S. economic and trade relations. Regarding the rare earth issue you mentioned, as a responsible major country, China fully considers the reasonable needs and concerns of all countries in the private sector, reviews export license applications for rare earth-related items in accordance with laws and regulations, has approved a certain number of compliant applications in accordance with the law, and will continue to strengthen the approval work for compliant applications