China and the US to establish new advisory councils to improve economic relations

Chinese and US officials have opened the doors to a new era in trade and investment following the acceleration of economic contacts between the two countries in recent times. The results of the meetings between US President Donald Trump and Chinese President Xi Jinping have signaled significant steps to be taken in economic relations.

During the discussions between the parties, the resolution of issues related to market access for agricultural products and the promotion of mutual reductions in customs duties stood out. In this context, an agreement in principle was reached to establish joint advisory councils on trade and investment to deepen cooperation between the two countries.

INVESTMENTS WILL BE FACILITATED

It is stated that the newly established councils will both reduce existing barriers in trade and pave the way for mutual investments. The decision is noted as an important step taken toward making economic relations between the two countries healthier and more sustainable.

China's official news agency also announced that Chinese President Xi Jinping plans to visit the United States in the autumn. This visit is expected to contribute to strengthening economic and diplomatic dialogue, especially following the tensions experienced between the two countries in recent times.

The parties pointed out that the impact of concrete steps to be taken in the future on global trade balances is also being closely monitored. It is anticipated that the new advisory councils will contribute to resolving issues that may arise in economic relations more quickly and effectively.

News Source: 12punto