China, U.S. reach agreements on some economic and trade issues

Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, China said on Friday.

Posted by Times News on Friday, 4th May 2018

China and the United States reached agreements on some issues in their economic and trade consultations in Beijing from Thursday to Friday, and agreed to set up a work mechanism to keep close communication.

Chinese Vice Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee, held candid, efficient and constructive talks with the U.S. delegation led by U.S. president’s special envoy and Treasury Secretary Steven Mnuchin, on economic and trade issues of common concern.

According to Xinhua news says at the end of the talks gave little indication that there had been agreements on the biggest issues, stressing instead that there had been exchanges of opinion. The two sides, though, committed to resolving their trade disputes through dialogue.

The two sides agreed that a sound and stable China-U.S. trade relationship is crucial for both, and they are committed to resolving relevant economic and trade issues through dialogue and consultation.

The two sides had thorough exchange of views on issues including increasing U.S. exports to China, bilateral service trade, two-way investment, protection of intellectual property rights, as well as resolving tariff and non-tariff issues, reaching consensus in some areas.

Both sides recognized that given that considerable differences still exist on some issues, continued hard work is required for more progress.

They also agreed to stay in close communication on relevant issues and establish a corresponding work mechanism.

The trade discussions had been “candid, efficient and constructive,” Xinhua said, but gave almost no details on what the officials had agreed.

Editor: Jian Ping Sun



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