Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

China, U.S. to Improve Trade and Investment Ties

Thu 10 Jun 2021 | 03:29 PM
Ahmed Emam

In a step intended to enhance their dialogue, China's commerce ministers and the U.S. agreed on Thursday to push forward trade and investment links in their first call since the start of the Biden administration.

In a phone call Thursday morning, Chinese Commerce Minister Wang Wentao and his counterpart Gina Raimondo agreed to promote the healthy development of pragmatic cooperation in trade and investment.

In an official statement, the Chinese government said, "The two “exchanged views frankly and pragmatically on relevant issues and mutual concerns."

Further, the two sides agreed to pragmatically solve some issues for producers and consumers, and promote healthy, stable economic and trade ties, according to international reports.

The two massive nations are slowly resuming official contact after the coming of Biden's administration. Some parts of U.S. policy toward China are becoming clearer. However, it’s still not publicly clear what the U.S. plans to do with the trade deals signed last year or tariffs on Chinese goods.