The spokesman of the Ministry of Commerce (MOFCOM) answered reporters’ questions on the situation related to the London framework between China and the United States

A reporter asked: Recently, the relevant officials of the U.S. side and the media said that China and the U.S. have reached a supplemental understanding on the framework for the implementation of the Geneva Consensus, and that China will accelerate the export of rare earths to the U.S., which will correspondingly cancel the relevant restrictive measures against China. What does the Ministry of Commerce have to say about this?
A: Guided by the consensus of the heads of state of China and the United States, the economic and trade teams of the two sides held economic and trade talks in London on June 9-10, and reached an agreement in principle on the implementation of the important consensus of the June 5 call between the heads of state of the two countries and the framework for consolidating the results of the Geneva economic and trade talks. After the London talks, the Chinese and U.S. teams have maintained close communication. Recently, upon approval, the two sides further confirmed the details of the framework. The Chinese side will approve eligible applications for export of controlled items in accordance with the law. The U.S. side will correspondingly cancel a series of restrictive measures taken against China. It is expected that the U.S. side and the Chinese side will move in the same direction and, in accordance with the important consensus and requirements of the June 5 call between the two heads of state, further play a good role in the U.S.-China economic and trade consultation mechanism, continuously enhance consensus, reduce misunderstanding, strengthen cooperation, and jointly promote the healthy, stable and sustainable development of U.S.-China economic and trade relations.Source: Ministry of Commerce website

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