Enforcement of "Phase One Deal" between the U.S. and China: Room for Negotiations
The "Economic and Trade Agreement between the Government of the United States of America and the Government of the People's Republic of China", known as Phase One Deal, entered into force on February 14, 2020.[i] Through this agreement, China would, among other things, make structural reforms, open its financial services, and strengthen intellectual property. China pledged to buy at least $200 billion more U.S. goods and services over 2020 and 2021. However, after almost two years, complaints have arises about China's not meetings its obligations under the Phase One Deal.[ii] According to some statistics, China has reached only sixty two percent of that target.[iii] As Phase One Deal sets to expire in December 2021, questions arise to its future and compliance and enforcement under the Deal. [i] See Economic and Trade Agreement between the Government of the United States of America and the Government of the People's Republic of China, Jan. 15, 2020, available at . [ii] See Office of the United States Trade Representative, What are they Saying: Ambassador Katherine Tai Outlines the Biden-Harris Administration's New Approach to the U.S.-China Trade Relationship, Oct. 4, 2021, available at . [iii] See Chad P. Bown, US-China Phase One Tracker: China's Purchases of US Goods, Nov. 24, 2021, available at .