Commercial talks between high -ranking officials USA and China scheduled for this weekend in Geneva, in Switzerland, is “a positive and constructive step towards the decline,” said the Director-General of the World Trade Organization (WTO) Ngozi Okonzo-Ioueala.
“A constant dialogue between the world’s two largest economies (US and China) is essential for the overthrow of commercial tensions, preventing fragmentation along the geopolitical lines and protecting global development,” the WTO said in a brief announcement.
US Finance Minister Scott Bessed is expected to re -launch a dialogue with China, represented by Deputy Prime Minister He Lifeng.
These are the highest level talks between the two trade forces since US President Donald Trump caused a trade war as soon as he returned to the White House early in the year.
Since then, the two major countries have been opposed to imposing higher customs duties on the products of each other, causing disruption to their respective economies and more generally to the rest of the world.
Talks in Geneva, at the request of the Americans, according to China, are held in secret. Neither the timetable, nor the place and even less the exact agenda of the talks have been made public.
The two sides will meet on Saturday and Sunday to lay the foundations of the future negotiations, Besen had explained Tuesday at the Fox News network.