The Ministry of Commerce of China held a press conference to introduce the situation of the first meeting of the China-U.S. economic and trade consultation mechanism.

On June 12, the Ministry of Commerce of China held a regular press conference in the afternoon, where a reporter asked about the first meeting of the China-U.S. economic and trade consultation mechanism. He Yadong, the spokesperson of the Ministry of Commerce, stated that from June 9 to 10 local time, the China-U.S. economic and trade teams held the first meeting of the consultation mechanism in London, UK. The two sides reached a principle agreement on the framework of measures to implement the important consensus reached in the phone call between the two heads of state on June 5 and to consolidate the results of the Geneva economic and trade talks, achieving new progress in addressing each other's economic and trade concerns. In the next step, both sides will further leverage the role of the China-U.S. economic and trade consultation mechanism, continue to maintain communication and dialogue, enhance consensus, reduce misunderstandings, strengthen cooperation, and jointly promote the stable and long-term development of China-U.S. economic and trade relations. (Riyue Tan Tian)