U.S. & China Agree To 'Exchange Information' On Trade Controls

  • International
  • 29 August 2023
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U.S. Commerce Secretary Gina Raimondo and her Chinese counterpart Wang Wentao have agreed to share information between their countries on U.S. export controls and form a group to discuss other trade issues, without either showing that they are willing to compromise on disputes that have sent relations to their lowest point in decades.

Raimondo held a 4-hour meeting with Wang and they agreed to launch an "information exchange" on export controls, revealing that a "working group" of officials from both countries with representatives of the private sector would be formed to "seek solutions on trade and investment issues."

Source (Al-Asharq Al-Awsat Newspaper, Edited)

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