The US suspends the implementation of the 301 investigation measures on industries such as shipbuilding in China

Beijing, November 10 (Xinhua) -- A spokesperson for the Ministry of Commerce stated on November 10 in response to a reporter's question about the US suspending the implementation of the 301 investigation measures on industries such as shipbuilding in China that this is an important step for the US and China to work together to implement the Kuala Lumpur Economic and Trade Consultation Consensus.

A reporter asked: On November 9th Eastern Time, the Office of the United States Trade Representative announced that it will suspend the implementation of the 301 investigation measures on industries such as shipbuilding in China on November 10th. What is the evaluation of the Ministry of Commerce on this? The spokesperson of the Ministry of Commerce responded to this.

The spokesperson said that China has noticed that the US announced on November 9th local time that it will suspend the implementation of the 301 investigation measures on China's shipbuilding and other industries for one year from 0:01 on November 10th, including suspending port charges on relevant Chinese ships and suspending tariffs on Chinese ship shore cranes and other equipment. This is an important step for the US and China to work together towards implementing the Kuala Lumpur Economic and Trade Consultation Consensus. On the same day, China also suspended the implementation of relevant countermeasures accordingly.

China is willing to communicate and consult with the United States on relevant issues based on the principles of mutual respect and equal consultation, and looks forward to the United States continuing to work together with China to maintain a fair competition environment in the international shipping and shipbuilding markets, injecting more certainty and stability into China US economic and trade cooperation and the world economy.