Beijing reveals the text of the first phase trade agreement with Washington

The signing ceremony for the agreement in Washington.

The Ministry of Finance in Beijing released the Chinese version of the first-stage trade agreement signed in Washington on Wednesday to boost Chinese purchases of US products and ease tensions in a months-old trade dispute.



China agreed to purchase additional US goods and services worth at least $ 200 billion over two years.

The additional imports also include products from US farms worth $ 32 billion, as the Chinese text released on Thursday shows, in line with the monetary values and time frame mentioned in the US version, Reuters reported.

The United States and China have acknowledged that purchases will be made at market prices based on commercial considerations, and that market conditions, especially for agricultural goods, may impose the date of purchases in any specific year, according to both versions of the text of the agreement.