UN Chief Defends Free, Fair Trade
(MENAFN) UN Secretary-General Antonio Guterres on Monday championed "free and fair trade," cautioning that mounting trade restrictions are inflicting "negative" consequences on the worldwide economy.
"Trade wars do not benefit anybody. Nobody wins with trade wars, and I think that the present restrictions on trade are having a negative impact on the global economy, ... essentially on developing countries," Guterres said on the sidelines of the 47th ASEAN Summit in the Malaysian capital Kuala Lumpur.
His remarks came in response to inquiries about the latest diplomatic discussions between the US and China, which took place in Kuala Lumpur during the weekend.
US officials indicated they achieved a "very substantial" framework with their Chinese counterparts ahead of the forthcoming summit between President Donald Trump and Chinese leader Xi Jinping.
US Treasury Secretary Scott Bessent revealed that negotiators addressed agricultural purchases, TikTok, fentanyl, trade, rare earths, and the comprehensive bilateral relationship.
"I hope that any trade negotiation that takes place is successful and contributes to the established regime in which trade is a facilitator of development, instead of an obstacle to development," Guterres added.
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