Treasury secretary Scott Bessent said both sides made substantial progress in the all-important trade talks. teleSUR.
Category
🗞
NewsTranscript
00:00China and the United States announced Sunday they had reached a trade agreement
00:03and talks held this weekend in the Swiss city of Geneva.
00:06U.S. Treasury Secretary Scott Besson said both sides made substantial progress
00:10in the all-important trade talks.
00:13Besson added that more information would be disclosed on Monday
00:16and that President Trump was fully informed of the developments.
00:20White House Trade Representative Jameson Greer described the two days of negotiations
00:24as very constructive.
00:25For its part, the Chinese Vice Premier and Head of the Negotiation Delegation,
00:30He Li Feng, unveiled that the meeting was an important first step taken by the two sides
00:35to properly resolve the differences through equal-footed dialogue.
00:43The two sides agreed on establishing a consultation mechanism for trade and economic issues
00:48identified the lead persons on each side.
00:50and will carry on further consultations relating to trade and economic issues of their respective
00:55concerns.
00:56The two sides will finalize relevant details as soon as possible and will issue a joint
01:01statement that was reached at the meeting on the 12th of May.
01:06Under the current circumstances, this meeting has caught high attention from the international
01:10community and thanks to the considerate efforts from both sides, the meeting has been productive
01:14and has been an important first step taken by the two sides to properly resolve their differences
01:18through equal-footed dialogue and also for bridging differences and deepening cooperation.
01:23This meeting has laid the foundation and created the conditions for that effort.