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  HOME | Business & Economy (Click here for more)

US Delegation to Visit China for Trade Talks on Jan. 7-8

BEIJING – A United States delegation will visit China during Jan. 7-8 to participate in vice-ministerial level trade talks that have been ongoing since early 2018, Beijing announced on Friday.

The delegation, led by Deputy US Trade Representative Jeffrey Gerrish, will hold talks with China’s working group based on the agreement reached between China’s President Xi Jinping and his US counterpart Donald Trump in December, China’s commerce ministry said in a statement.

In a Dec. 1 meeting on the sidelines of the G20 Summit in Buenos Aires, Xi and Trump agreed on a 90-day truce to negotiate their differences in the ongoing trade dispute.

The upcoming meeting was confirmed by the two sides over at least two vice-ministerial level phone calls, on Dec. 19 and Dec. 24 as well as one between Xi and Trump on Dec. 29.

The Ministry of Commerce said on Dec. 30 that Beijing was preparing to work with Washington to implement the broad consensus reached, referring to the agreement reached in Buenos Aires.

On Jan. 1, China and the US congratulated each other on the 40th anniversary of the establishment of diplomatic relations between the two countries.

Since the Dec. 1 meeting, China has adopted several goodwill measures including cutting tariffs on vehicles imported from the US, resuming the purchase of soya beans from the country and submitting a draft law to prohibit forced technology transfers.

Trump temporarily suspended the increase in tariffs from 10 percent to 25 percent on Chinese goods worth $200 billion with a warning he would go ahead with the plan if a trade agreement was not sealed before the 90-day deadline.

Trade negotiations could be affected due to the diplomatic row that has erupted following the arrest of Huawei’s Chief Financial Officer Meng Wanzhou in Canada at the request of the US for allegedly violating sanctions against Iran.

 

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