Ross says phase one trade deal with China will be good start

FILE PHOTO: U.S. Commerce Secretary Wilbur Ross said the phase one agreement would reduce tensions and build trust between the United States and China and would also increase global trade confidence.

BANGKOK: US Commerce Secretary Wilbur Ross said on Tuesday that very good progress was being made towards completing a phase one trade agreement with China and he was hopeful that it would be a precursor to a much more robust agreement.

A phase one U.S.-China trade deal is under discussion and may be signed later this month.