US-China trade talks extended till Wednesday

Image
IANS Beijing/Washington
Last Updated : Jan 09 2019 | 8:55 AM IST

The trade talks between US and Chinese officials that began in Beijing on Monday, has been extended till Wednesday, according to a spokesperson for the American Trade Representative.

The extension was a fresh sign that discussions were moving in a positive direction as staff for the two sides meet face to face for the first time since President Donald Trump and his Chinese counterpart Xi Jinping agreed last December to restart talks, CNN quoted the spokesperson as saying on Tuesday.

China's Commerce Ministry said ahead of the meeting that it would last only two days.

The Trump administration, in its own notice announcing the US delegation, did not specify how long the visit would last, saying only that talks between the two countries were "beginning Monday".

An informed source told CNN that negotiators between the world's two largest economies needed more time to discuss issues that were part of the agenda.

On Tuesday, China also announced it would approve the imports of five new varieties of genetically modified crops, a move that would allow more American farmers to sell more biotech seeds to Beijing.

The decision included long-awaited approvals by US farmers.

However, it currently remains unclear exactly how deeply negotiators have been able to delve into tougher issues including forced technology transfers and subsidies.

US officials are expected to host China's top trade negotiator, Vice Premier Liu He, in Washington later this month.

The US delegation to Beijing is being led by Jeff Gerrish, deputy to the US Trade Representative Robert Lighthizer.

In addition to Gerrish, the official delegation will also include David Malpass, the Treasury Department's undersecretary for international affairs.

--IANS

ksk

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 09 2019 | 8:46 AM IST

Next Story