Exchange Database
US, China reach landmark pacts
Beijing and Washington strove to narrow differences by reaching landmark agreements on Wednesday on a flurry of issues that had remained points of tension between them. The agreements, mainly on climate change, military cooperation and trade, underpin the major sectors where the world's two largest economies will improve cooperation, analysts said. The countries pledged to reduce the possibility of military accidents by early notification of major military operations and establishing guidelines of behavior on naval and air military encounters.
Outcomes:
They also agreed on an ambitious action plan to cap greenhouse gas emissions, a move that throws the weight of the two countries behind a new global climate pact to be negotiated in Paris in 2015. Progress was also announced on talks over a bilateral investment treaty. "China would like to work with the US to implement the principle of no conflict, no confrontation, mutual respect, cooperation and common prosperity, and make a new type of relationship between major countries produce more benefits to people in the two countries and the world," President Xi Jinping told his US counterpart Barack Obama, who arrived in China on Monday to attend the Asia-Pacific Economic Cooperation meeting and make a state visit to China.
Government?:
No
Type of Exchange:
diplomatic
Partners:
US and Chinese Governments
Sponsor(s):
US and Chinese Governments
Participants (Types):
heads of state
Exchange Date:
Wednesday, November 12, 2014
Continuing:
No
Image:
Location:
Beijing, China
*If you know more about this exchange, please contact us.