China expects US to jointly safeguard fair competition in maritime, shipbuilding sectors: spokesperson

BEIJING: China expects the United States to continue working with China to maintain a fair competition environment in the international shipping and shipbuilding markets, a Ministry of Commerce spokesperson said here on Monday.

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The US and China have each suspended their respective Section 301-related trade measures for one year to reduce tensions.
Both nations agreed to continue consultations based on mutual respect and equality, aiming to implement outcomes from recent talks in Kuala Lumpur.
These steps are seen as efforts to stabilize China-US trade relations and bring more certainty to the global economy.

This will help add more certainty and stability to China-U.S. economic and trade cooperation, as well as the global economy, the spokesperson said when asked to comment on the U.S. suspension, for one year, of the implementation of its Section 301 investigation measures aimed at China's maritime, logistics and shipbuilding sectors.

The implementation of China's relevant countermeasures were also suspended on Monday.

These are important steps that both sides have taken to meet each other halfway, and to work together on implementing the consensus of the China-U.S. economic and trade talks in Kuala Lumpur, the ministry said.

The spokesperson said that China is willing to communicate and consult with the United States on relevant issues, based on the principles of mutual respect and fair consultation.