China and the US consider establishing a working mechanism to promote bilateral trade and investment cooperation

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On the 16th, Li Chenggang, Deputy Minister and International Trade Negotiator of China’s Ministry of Commerce, stated that the topics discussed between China and the U.S. include the issue of bilateral tariff levels under new circumstances, the possible further extension of arrangements related to bilateral tariffs and non-tariff measures, promoting bilateral trade and investment cooperation, and mutual economic and trade concerns. The U.S. side introduced their latest adjustments to tariff measures and considerations for the next steps, while China expressed concerns about the uncertainties caused by these changes. Both sides agreed to work together to maintain stability in bilateral economic and trade relations. Regarding the promotion of bilateral trade and investment cooperation, the two sides discussed the idea of establishing a working mechanism to facilitate such cooperation, and also engaged in in-depth discussions on each other’s economic and trade concerns.

Source: CCTV News, Original Title: “China and the U.S. Consider Establishing a Working Mechanism to Promote Bilateral Trade and Investment Cooperation.”

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