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China, US to continue trade talks in Washington next week: Xi Jinping

IANS  |  Beijing 

Talks aimed at ending the trade war between and the US made important progress this week, told top US trade negotiators on Friday, adding that efforts to resolve the issue would continue in next week.

"Both sides will meet again next week in I hope you all will make persistent efforts and try to reach a mutually beneficial agreement," the Chinese was quoted as saying by

Negotiators from the two have been trying to strike a deal before March 2, when the is due to raise tariffs on $200 billion of Chinese goods from 10 per cent to 25 per cent if no agreement is reached.

The world's top two economies imposed tariffs on huge swathes of each other's exports last year, causing major disruptions for businesses, rattling financial markets and endangering global growth.

The US delegation was led by Trade and who were here for the two-day talks that started on Thursday. was China's top in the negotiations.

Mnuchin tweeted that the two sides had "productive meetings", while the in a statement confirmed that the next round of talks will be held in next week, reported.

According to the state media, Xi met Lighthizer and Mnuchin after a full week of trade negotiations at senior and deputy levels in and called for a deal that both sides could accept.

"These days, the world's attention is cast on The negotiations of two sides have again achieved important and steady progress," Xi said, adding, "I hope you make persistent efforts and push for a mutually beneficial consensus."

Calling the China-US ties one of the most important bilateral relationships in the world today, Xi said the two share broad common interests and shoulder important responsibilities in safeguarding world peace and stability as well as promoting global development and prosperity.

"It serves both peoples' fundamental interests and meets the expectations of the international community to maintain sound and stable development of the China-US ties," the Chinese said.

Xi said he met with US President in last December and reached important consensus as both agreed to jointly advance their ties.

"I hope that both teams will strengthen communication, focus on cooperation and manage differences in the principles and directions set by President Trump and I, so as to promote the sound and stable development of the China-US economic and trade cooperation and bilateral ties."

Washington and carried out intensive and conducive consultations since last December, Xi said, adding that "cooperation was the best choice for both sides".



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 15 2019. 19:50 IST