U.S., China Reach Minor Agreements – Foster Klug

From The Associated Press:

The United States and China concluded two days of high-level economic talks on Wednesday with a variety of minor agreements but failed to make progress in their dispute over China’s undervalued currency.

“While we have much more work to do, we have tangible results for our efforts thus far,” Treasury Secretary Henry Paulson, the head of the U.S. delegation, said at a briefing. “These results are like signposts on the long-term strategic road, building confidence and encouraging us to continue moving forward together.”

Paulson said the two countries agreed on steps to be taken in such areas as financial services, energy and the environment and civil aviation.[Full Text]

See previous post for more discussion on the US-China trade talks.

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