When it comes to trade agreements, both countries have a vested interest in keeping the trade deals on track, so that both countries can be counted on to uphold the agreements.
As a result, the two sides have been pushing for the Trans-Pacific Partnership (TPP) to be signed in Washington, DC by January 2, 2019.
“The two countries have long had a close relationship and have long supported trade agreements that will benefit both of them,” said Peter Hotez, president of the Asia Pacific Business Council.
In a recent interview, Hotey said the TPP was “a great opportunity for the U.S. and China to get the most out of their bilateral trade relationships, because both sides are looking to expand trade.”
“We’ve had a good working relationship with both countries and it’s very important that they’re able to move forward in these areas,” Hotek said.
The TPP was a top priority for President Donald Trump, and it was one of his top priorities when he was in office.
But the negotiations have been bogged down in the Senate, and he has not signed off on the deal.
“The Trump administration has not been able to get a deal through,” Hotes said.
“There’s no guarantee that the TPP can be signed.
We’ll see what happens in the coming weeks and months.”
The two sides hope to have the deal signed in early 2019, but they will need a lot of help to get there.
The deal will require the support of the other TPP partners, the US, Japan, and Mexico.
On July 25, 2019, the leaders of the three nations held a meeting at the White House, where they discussed the negotiations and the potential for a deal.
The agreement was finalized by the US Senate on January 3, 2019 and signed by the President on January 5.
Hotez said that the meeting was a great example of the trust that has been built between the three countries.
“The fact that both sides have such a close working relationship, that they are committed to the TPP, and that they want to build a deal that benefits both of the countries is what makes it so important for the United States and the TPP to move ahead together,” Hokez said.