Sino-US trade deal may not be prepared for signing in Chile: US official


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Sino-US trade deal may not be prepared for signing in Chile: US official

On Tuesday, the 29th of October 2019, a top official of Trump Administration told that paperwork and some critical parts of a partial trade accord between the trade-war-struck Washington and Beijing might not be prepared to be rubberstamped in Chile next month as it was promised by the US President Donald Trump a week earlier, nonetheless, the delay would not mean the high-stake trade agreement that prompted a cease-fire on tariff hikes between the world’s first- and second-largest economy would likely to be on hold, added the White House official on condition of confidentiality given the extent of sensitive nature of the subject-matter.

Meanwhile, addressing that the US President Donald Trump alongside his administration’s goal was to sign the “Phase One” trade agreement during an Asia-Pacific Economic Cooperation Summit scheduled to be taken place in Chile on November 16th-17th, the top official of Trump Administration said late on Tuesday (October 29th), “If it’s not signed in Chile, that doesn’t mean that it falls apart.

It just means that it’s not ready. 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,” while a White House spokesman, Judd Deere, was quoted saying that both sides had still been working to prepare the interim trade deal before Chile Summit adding, “As the president said several weeks ago, we have reached a phase-one agreement with the Chinese and both sides are working to finalize the text for a signing in Chile. ”