as a por - China ag purchases in 2016 were just about $25B and 2015 was about $24B per the USDA
A USTR fact sheet refers to this part of the deal as the Expanding Trade chapter. According to the US, China has agreed to increase its total purchases of US goods and services by at least US$200 billion over the next two years.
Also included is a commitment by China to increase its buying of US agricultural products to US$40 billion to US$50 billion in each of the next two years.
Mr Lighthizer told reporters "these are numbers that are realistic and that we arrived at together." The specific breakdown of targets for individual commodities will be classified and not disclosed to the public.
IP, FORCED TECH TRANSFER
The deal will centre around what a senior administration official called "state-of-the-art" IP commitments and a breakthrough on forced technology transfer. Those issues are also at the heart of an investigation that led US President Donald Trump to raise tariffs on China in the first place.
Among the specific commitments USTR announced on Friday: China has agreed to end its longstanding practice of forcing or pressuring foreign companies to transfer their technology to Chinese companies as a condition for obtaining market access, administrative approvals, or receiving advantages from the government.
China also commits to provide transparency, fairness, and due process in administrative proceedings and to have technology transfer and licensing take place on market terms.
The agreement will include a dispute-resolution mechanism that will serve as the enforcement arm. That process is in line with how other US trade agreements are enforced.
Complaints of one party will be brought to a US-China working group and if officials can't resolve their dispute, a decision will be made at the ministerial level of what action to take. That action could include tariffs or other measures, Mr Lighthizer said, though he sounded optimistic that he thinks China will keep their promises.