World Trade Organization Director-General Iweala stated that the high-level Sino-U.S. economic and trade talks held in Geneva, Switzerland, mark an important step forward with major significance for the world.
She expressed her pleasure at the positive outcomes of the talks. The talks mark an important step forward. In the current global tense situation, this progress is significant not only for the United States and China but also for other regions of the world, including the most vulnerable economies.
In a statement, she noted looking forward to the two countries finding feasible solutions on this basis to ease tensions, restore predictability, and enhance confidence in the multilateral trading system.
The high-level Sino-U.S. economic and trade talks were held in Geneva from May 10th to 11th. Both parties agreed to establish a consultation mechanism on economic and trade issues and to maintain communication regarding their respective concerns in the field.