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            may 24, 2019

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US port of Long Beach hails progress of US-China trade talks


The US port of Long Beach says the latest round of US-China trade talks was encouraging and port executive director Mario Cordero hopes to enhance trade links with China further.
"Seventy per cent of our import containers are directly from China and 40 per cent of our exports leave here for China," Mr Cordero was quoted as saying in an interview with Xinhua News. He noted that the port will not exist without trans-Pacific trade and links with China.
East Asian trade accounts for 90 per cent of the shipments through the port, with top trading partners by tonnage including China, South Korea, Japan and Vietnam.
Negotiators of the two countries achieved marked advancement on a number of issues during their February 21-24 talks in Washington, the seventh round over the past year, focusing on non-tariff barriers, agriculture and service industry, technology transfer, protection of intellectual property rights and exchange rates, according to the Chinese delegation.
US President Donald Trump later tweeted that he "will be delaying" tariff hikes on Chinese imports previously scheduled for March 1, citing "very productive" trade talks between the two countries.

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