WTO Chief Hopes US-China Phase One Trade Deal To Diminish Global Trade Tensions

WTO Chief Hopes US-China Phase One Trade Deal to Diminish Global Trade Tensions

Signing of the Phase One Trade Agreement between China and the United States is a significant step forward that will hopefully diminish tensions in the global trade, World Trade Organization (WTO) Director-General Roberto Azevedo told Sputnik on Wednesday

DAVOS (Pakistan Point News / Sputnik - 22nd January, 2020) Signing of the Phase One Trade Agreement between China and the United States is a significant step forward that will hopefully diminish tensions in the global trade, World Trade Organization (WTO) Director-General Roberto Azevedo told Sputnik on Wednesday.

"There is at least progress in the sense of diminishing the tensions between the two sides. It's clearly not something that is taking care of all differences, there is still a lot of ground to cover, but this is the first step. Every journey starts with a small step, and this was not even a small step, it was a pretty significant step, and I hope that it will help diminish the tensions because that's what we sorely need right now," Azevedo said.