World: China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce - - PressFrom - US
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WorldChina and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce

05:35  05 september  2019
05:35  05 september  2019 Source:   cnbc.com

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China 's MOFCOM: China , US To Hold Trade Talks Early October In Washington. — China ’s Ministry of Commerce said Thursday that the leaders of the U . S . and Chinese trade talks held a phone call in the morning and agreed to meet in early October for another round of negotiations .

The Ministry of Commerce of the People's Republic of China (MOFCOM), is a Cabinet-level executive agency of the State Council of China . It is responsible for formulating policy on foreign trade , export and import regulations, foreign direct investments, consumer protection

China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce© Provided by CNBC LLC A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai.

BEIJING — China’s Ministry of Commerce said Thursday that the leaders of the U.S. and Chinese trade talks held a phone call in the morning and agreed to meet in early October for another round of negotiations.

Liu He, China’s top negotiator on trade, spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the Commerce Ministry statement said, according to a CNBC translation of the Chinese-language text.

The two sides agreed to hold another round of trade negotiations in Washington, D.C., at the beginning of next month, and consultations will be made in mid-September in preparation for the meeting, the statement said.

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Many of the negotiators representing the United States are more comfortable than their Chinese The Commerce Ministry ’s two main officials for trade talks with the United States , veterans who But even the trade negotiations office has effectively been sidelined by a Communist Party group led

China 's Commerce Ministry said the latest round of trade talks with the U . S . established a foundation for the resolution of each others' concerns. Both parties, the Beijing ministry said, agreed to maintain close contact. Here's the full three-sentence statement, as translated from Chinese by CNBC

“Both sides agreed they should work together and take practical actions to create favorable conditions for the negotiations,” according to a CNBC translation of the statement.

Previously, both sides had indicated they would meet in September. However, trade tensions between the world’s two largest economies escalated in the last several weeks. The latest round of tit-for-tat tariffs on billions of dollars’ worth of goods from each country took effect on Sunday.

Chinese Commerce Minister Zhong Shan, People’s Bank of China Governor Yi Gang and Ning Jizhe, vice chairman of China’s top economic planning body, the National Development and Reform Commission, also joined the call, according to the statement.


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