Macron and Xi Aim to Resolve Cognac Tariff Dispute

French President Emmanuel Macron and Chinese President Xi Jinping have agreed to expedite resolving the cognac tariff dispute, as revealed in a recent phone conversation. Macron conveyed this development via a post on social media platform X.

During their discussion, Macron emphasized that Chinese investments are welcome in France, contingent upon fair conditions for businesses in both nations, a crucial aspect of their trade relationships. This dialogue precedes Macron's upcoming trip to Southeast Asia.

The conversation occurs amid rising trade tensions, notably China's anti-dumping investigation into EU brandy. Both leaders also stressed the importance of cooperation to uphold international trade rules and advocated for genuine multilateralism.

(With inputs from agencies.)