China, the United States confirms the details of the trade deal, says Beijing star-news.press/wp

The United States and China have confirmed details of a commercial framework that seeks to allow the export of rare land and reduce technological restrictions, according to Chest By the Chinese Ministry of Commerce on Friday afternoon.

China will review and approve export requests for the elements subject to export monitoring rules, while the United States will cancel a set of current restrictions imposed against Beijing, the ministry spokesman said in the statement, without clarification.

The statement comes after US President Donald Trump said on Thursday at an event at the White House. A White House official later explained that the administration and China have agreed to “an additional understanding of a working framework for the implementation of the Geneva Convention.”

Earlier this month, commercial negotiation teams from both sides, led by US Treasury Secretary Scott Besen and Chinese Deputy Prime Minister, reached an agreement to implement the Geneva consensus after two days of high -level talks in London.

The London Agreement settled on what became a charged relationship, as the two sides accuse each other of violating the Geneva Trade Agreement.

Al -Ferdo Montverle Hilo, chief adviser to the Chinese Center at the Research Council at the Conference Council, said that although development is encouraging, “it is important to reduce expectations.”

He added that there was a shortage of clarity in which the rare land export restrictions would be relaxed, which would prevent the magnet.

Montever Hilo said that the rare land was vital to national security on both sides, and China is likely to continue to restrict trade in these goods.

In the aftermath of the initial trade meeting in Geneva, Switzerland concluded in mid -May, Washington and Beijing a preliminary agreement to suspend the majority of definitions on each other’s goods for 90 days and to decrease certain restrictions.

The Geneva deal later stalled about the slow walking of China on comfortable restrictions on rare land exports and the United States’ restrictions on Chinese student visas.