AGRICULTURE AND COAL
Both countries will also set up an agriculture working group under the trade council, which will hold its first meeting before the year ends to discuss two-way market access and regulation for agricultural products, the statement showed.
The presidential summit also yielded a coal trade agreement for China to import coal from the US in 2027 and 2028.
“Importing US coal is not only a beneficial supplement to China’s domestic coal market, but also brings stable economic income and employment to the US coal industry,” the Chinese ministry said.
On artificial intelligence, both sides have agreed on a communication channel for incidents and will hold a follow-up dialogue by the end of November.
China will also examine and approve foreign financial services institutions, including those with US capital, to conduct business and open branches in China.
There will also be continued communication on increasing flights between China and the US, the ministry statement said.
