Seoul: Trade negotiations between the United States of America (USA) and China commenced in the Republic of Korea today, serving as a prelude to the highly anticipated summit between the leaders of the two nations scheduled for the Chinese capital, Beijing, later this week.

According to Oman News Agency, U.S. Treasury Secretary Scott Bessent held a high-level discussion with Chinese Vice Premier He Lifeng at Incheon International Airport to examine a spectrum of economic and commercial issues of mutual concern.

These preparatory talks precede the meeting slated for the upcoming Thursday and Friday in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping.

American officials anticipate that the Beijing summit will culminate in an accord regarding mechanisms to streamline trade and reciprocal investment between the world's two largest economies, alongside China's announcement of procurement deals encompassing Boeing commercial aircraft, agricultural products, and American energy resources.

Conversely, Beijing aspires through these engagements to secure an easing of American restrictions imposed on advanced semiconductor exports, while expressing profound apprehension regarding the U.S. bill aimed at prohibiting the entry of vital electronic chip manufacturing equipment into Chinese markets.