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Phase One
Posted on: October 29, 2019 at 12:21:48 CT
Ace UNC
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WASHINGTON (Reuters) - An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but this does not mean that the accord is falling apart, a U.S. administration official said on Tuesday.
U.S. President Donald Trump and Chinese President Xi Jinping were expected to sign "phase one" of the agreement at next month's Asia-Pacific Economic Cooperation summit in Chile, but the date is still fluid.
"If it's not signed in Chile, that doesn't mean that it falls apart. It just means that it's not ready," the administration official said. "Our goal is to sign it in Chile. But sometimes texts aren't ready. But good progress is being made and we expect to sign the agreement in Chile."
U.S. President Donald Trump and Chinese President Xi Jinping were expected to sign "phase one" of the agreement at next month's Asia-Pacific Economic Cooperation summit in Chile, but the date is still fluid.
"If it's not signed in Chile, that doesn't mean that it falls apart. It just means that it's not ready," the administration official said. "Our goal is to sign it in Chile. But sometimes texts aren't ready. But good progress is being made and we expect to sign the agreement in Chile."
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Phase One - Ace AU - 10/29 12:21:48