mutually beneficial, win-win agreement.

Thirdly, IPR protection between China and the United States should be strengthened given the size of their trade. Currently, the United States is China’s largest export market and 6th largest source of imports. China is in turn the United States’ fastest growing export market. Since they are so closely linked, it is natural that they have higher demands for each other in the field of IPR protection.

The United States has called on China to strengthen protection of the IPR of U.S. companies operating in China. This coincides with the goal of China’s own reform and opening-up drive. William Mansfield, Director of Intelletual Property at U.S. company Abro Industries Inc. said that his company has had many successful cases in IPR protection in China, which shows the Chinese government takes this issue very seriously and appreciates contributions foreign companies make in boosting the local economy.

Meanwhile, as more and more Chinese companies “go global,” China is hoping the international community will better protect the IPR of Chinese firms. According to the latest list on the number of patents applied in the United States released by the IFI Claims Patent Services, Chinese companies were granted over 12,500 patent claims in the United States in 2018, an historic high with a 12% increase over the year before. As Chinese companies galvanize their innovative capacity, they expect the U.S. to make greater efforts in protecting their intellectual property rights.

Trade teams from China and the United States are racing against time in order to strike a deal in Washington. They have been in search of common ground in IPR protection, which is a good example of how they can deal effectively with their existing differences. As long as they set their eyes on mutual and global interests and expand their consensus, they will find themselves closer to reaching a