U.S.-China trade negotiations to focus on intellectual property

This is a crucial round of negotiations since it revolves around one of Washington’s core demands of China’s treatment of U.S. intellectual properties.

Negotiations in the U.S.-China trade war is slated to shift to a higher gear this week with U.S. negotiators preparing to press China on longstanding demands that it reform the way it treats the intellectual property of U.S. companies.

If this core demand is not met by the Chinese, it will up the risks of a continued trade war.

In the most recent set of negotiations concluded in Washington last week without a deal, the top U.S. negotiator had declared that a lot more work is required before a deal can be signed. To this end, last Friday, an official from the White House had stated preparations for the next round of talks and that Washington would continue to press Beijing to make structural reforms in its trade policies.

In a statement, the White House has announced a timeframe for the Beijing talks, in which it said lower-level officials will kick off the meetings on Monday and will be led on the American side by Jeffrey Gerrish, the Deputy U.S. Trade Representative.

Higher principal-level talks will take place Thursday and Friday with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

On Saturday, in a statement China’s Commerce Ministry stated, the two countries would have a “further deep discussion on issues of mutual concern” on the basis of what they talked about at the last round of talks in Washington; it did not provide any details.

“We are hearing the list of issues the two presidents will ultimately have to make decisions on is being narrowed, so that’s an indication that things are being addressed. But we’re also hearing that there’s a lot of work to be done,” said Erin Ennis, senior vice president of the US-China Business Council, who says she has spoken with officials in both the United States and China. “I don’t think either side is expecting a draft of something next week.”

As per another source who is briefed on the talks, a lot of work is also needed to be done on an enforcement mechanism for a potential deal.

“If there’s some indication that they’re making progress on subsidies, forced tech transfer and the constellation of issues there and an enforcement mechanism, that would be interesting. The word coming out of this last round was that there was very limited, measly progress on those issues,” said a source.

Significantly, last week Trump stated he does not think the 90-day deadline for a deal is likely to be extended.

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Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

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