WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the U.S. and China both have trade grievances, but it was important for the world’s two largest economies to reduce uncertainty and agree on a fairer, rules-based trading system.
Georgieva, speaking at an event in Washington ahead of next week’s IMF and World Bank spring meetings, said that the U.S. had grievances around China’s intellectual property practices and non-tariff barriers, while China is seeking U.S. engagement that would put both economies on a solid footing.
“We would like to see a reduction in uncertainty, and it is hard to get there if the two largest economies are still finding their footing and when, obviously, from the perspective of the world economy, it is important that the result of all this is a more, fairer, rule-based system,” Georgieva said.
(Reporting by Andrea Shalal and David Lawder, Editing by Franklin Paul)
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