US-China plan to hold direct bilateral trade talks in early 2024

After the high-level US-China talks on the sidelines of the APEC Forum, the US Secretary of Commerce said the two sides plan to negotiate bilateral trade.

US Commerce Secretary Gina Raimondo said there will be direct US-China negotiations on bilateral trade. (Source: CNN)

The US Department of Commerce said on November 17 that the US and China plan to hold further negotiations on trade issues next year. The announcement came after US President Joe Biden and Chinese President Xi Jinping held talks on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in San Francisco this week. Following the talks between the two leaders, US Secretary of Commerce Gina Raimondo met with her Chinese counterpart Wang Wentao on November 16 and discussed trade relations between the two countries. "During the meeting, the two sides discussed the progress made in the working group on trade issues and plan to hold an in-person meeting in early 2024," the US Department of Commerce said in a statement. The two sides will also hold technical discussions on strengthening trade secret protection during litigation in January 2024. In addition, the US Department of Commerce also plans to work with China to promote the relationship by resuming the tourism industry leadership conference scheduled to take place in May 2024 in Xi'an, China.

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