Switzerland | China and U.S. reach trade agreement in Geneva - video Dailymotion

Treasury secretary Scott Bessent said both sides made substantial progress in the all-important trade talks. teleSUR.

Transcript

00:00China and the United States announced Sunday they had reached a trade agreement

00:03and talks held this weekend in the Swiss city of Geneva.

00:06U.S. Treasury Secretary Scott Besson said both sides made substantial progress

00:10in the all-important trade talks.

00:13Besson added that more information would be disclosed on Monday

00:16and that President Trump was fully informed of the developments.

00:20White House Trade Representative Jameson Greer described the two days of negotiations

00:24as very constructive.

00:25For its part, the Chinese Vice Premier and Head of the Negotiation Delegation,

00:30He Li Feng, unveiled that the meeting was an important first step taken by the two sides

00:35to properly resolve the differences through equal-footed dialogue.

00:43The two sides agreed on establishing a consultation mechanism for trade and economic issues

00:48identified the lead persons on each side.

00:50and will carry on further consultations relating to trade and economic issues of their respective

00:55concerns.

00:56The two sides will finalize relevant details as soon as possible and will issue a joint

01:01statement that was reached at the meeting on the 12th of May.

01:06Under the current circumstances, this meeting has caught high attention from the international

01:10community and thanks to the considerate efforts from both sides, the meeting has been productive

01:14and has been an important first step taken by the two sides to properly resolve their differences

01:18through equal-footed dialogue and also for bridging differences and deepening cooperation.

01:23This meeting has laid the foundation and created the conditions for that effort.