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Beijing/Washington - China will open its market to US beef, and Chinese cooked poultry will eventually be exported to the US, a statement released by the US Department of the Treasury said Friday.

US natural gas exporters and payment companies will also gain broader access to the Chinese market under the agreement, according to the statement, which was distributed by the US Embassy in Beijing.

The agreement is part of a 100-day action plan established during Chinese President Xi Jinping's meeting with US President Donald Trump in Florida last month. The plan is meant to address trade imbalances between the two countries.

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Throughout his election campaign last year, Trump repeatedly accused China of unfair trade practices and vowed to reduce the 347-billion-dollar US trade deficit with China.

China banned US beef imports in 2003 after an outbreak of mad-cow disease.