- Establish a new commercial issues working group, a consultation mechanism involving U.S. and PRC government officials and private sector representatives to seek solutions on trade and investment issues and to advance U.S. commercial interests in China. They agreed that the working group will meet twice annually at the Vice Minister level, with the U.S. hosting the first meeting in early 2024.
- Launch the export control enforcement information exchange, which will serve as a platform to reduce misunderstanding of U.S. national security policies. The first in-person meeting will occur at the Assistant Secretary level at the Ministry of Commerce in Beijing on Tuesday, August 29.
- Convene subject matter experts from both sides to hold technical discussions regarding strengthening the protection of trade secrets and confidential business information during administrative licensing proceedings.
- Communicate regularly at the Secretary and Minister level about commercial and economic issues and to meet in-person at least once annually.
Raimondo reiterated the US government’s “small yard, high fence” approach, underscoring that export controls are narrowly targeted at technologies that have clear national security or human rights impacts and are not about containing China’s economic growth.
Raimondo raised US concerns over China’s refusal to agree Intel’s acquisition of Tower, over its ban on Chinese infrastructure companies buying Micron memories and over its restrictions on gallium exports,
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