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US and China agree on working group on trade issues

US and China agree on working group on trade issues

The US and China have agreed to set up a new working group on the dispute over trade issues. The consultative mechanism should include government representatives from the United States and China, as well as representatives from the private sector. The US Commerce Department made the announcement on Monday after talks between Commerce Secretary Gina Raimondo and Chinese Minister Wang Wendao in Beijing.

A new exchange of information on enforcement of export controls is also planned. The Working Group will meet twice a year starting in 2024.

Raimondo began his political talks in Beijing on Monday. Your trip to China will last until Wednesday. As Hong Kong newspaper “South China Morning Post” reported, Raimondo spoke of the “complicated” and “challenging” relationship between the two countries before his meeting with Wang.

Of course, there will be different opinions on some things, “but I think we can move forward,” Raimondo continued.

Raimondo’s visit to China comes amid heightened tensions between Washington and Beijing. His visit follows visits to China by other senior US officials.

Secretary of State Anthony Blinken flew to Beijing in May and Treasury Secretary Janet Yellen in July. The visits are also an attempt to revive exchanges between the two sides after a period of radio silence.

China’s territorial claims in the South and East China Seas and Beijing’s threats to the Democratic Island Republic of Taiwan are putting serious strain on relations.