China and the United States will sign the "first stage" trade agreement in early

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      U.S. Treasury Secretary nouchin said Thursday that the United States and China will sign the first phase of the trade agreement in early January, adding that the agreement has been fully completed and is only "Combing" technology.
Nuchin told reporters at the White House that the text and translation of the agreement have been completed and will not be renegotiated.
"We are in the process of technical combing and in addition, the translation of the agreement has been completed," nuqin said. "I don't expect any changes. We will sign the agreement in early January. "
He said that the priority of current trade with China is the implementation of the first phase agreement, which will increase U.S. agricultural exports to China by about twice in the next two years.
In general, China's increased purchases of US agricultural products, manufactured goods, energy and services will contribute about 0.5 percentage points to us economic growth in the next two years, nuqin told CNBC.
The economic and trade teams of the two sides are in close communication on the follow-up work such as the signing of the agreement, said Gao Feng, a spokesman for the Ministry of Commerce on Thursday. There is no more information about the specific contents of the first phase of the agreement, which will be released to the public after the formal signing of the agreement.
He pointed out at the regular press conference that on the basis of equality and mutual respect, China and the United States reached an agreement on the text of the first phase of the economic and trade agreement, and the United States will fulfill some of its commitments to cancel the planned and imposed tariffs on Chinese products. As for the list of unreliable entities, no further information can be disclosed at present.


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