What is in this article?:
- U.S. and China conclude positive trade talks
- Indigenous Innovation
- U.S. and China conclude Joint Commission on Commerce
- U.S. welcomes concrete results in trade negotiations, reiterates need to achieve greater market access for U.S. exporters.
China also announced a new high-level central government mandate requiring provincial and local governments – by December 1st 2011 – to eliminate any policies that are not consistent with President Hu's commitment to sever the link between China's innovation policies and government procurement.
"This issue has been a top priority of the American business community. We are continuing to press China to eliminate any other policies that discriminate against foreign intellectual property," Ambassador Kirk emphasized.
China confirmed that it does not and will not require foreign automakers to transfer technology to Chinese enterprises nor to establish Chinese brands in order to invest and sell in China's fast-growing market. China also confirmed that foreign-invested enterprises are eligible on an equal basis for electric vehicle subsidies and other incentive programs for electric vehicles.
"I am pleased that China specifically confirmed it would not force U.S. auto manufacturers to transfer electric vehicle technology to Chinese partners," said Ambassador Kirk.
USDA and China's Ministry of Agriculture are finalizing the framework of a five-year strategic plan focused on food security, food safety and sustainable agriculture to build a stronger foundation for critical cooperation in agriculture. In discussions also including the General Administration of Quality Supervision, Inspection and Quarantine, progress was made on beef market access. The parties agreed to expand discussion beyond technical to the conditions that include scope of products available in the market. China also committed to make progress on removing avian influenza-related bans affecting several U.S. states, to finalize work on a longstanding market access request for U.S. pears, and to complete work on a new dairy certificate to maintain existing market access.
"U.S. firms can compete and win when they enjoy non-discriminatory access in China. In today's meeting, China committed to create a fair and level playing field for all companies in its strategic emerging industries, including clean energy, biotech, and new generation information technologies. A strong business presence in China helps create more opportunities for exports from the United States, supporting good jobs at home," Secretary Bryson said.
According to published reports, in the next five years, China plans to invest $1.5 trillion in its strategic emerging industries which China defines as high-end equipment manufacturing, energy-saving and environmentally friendly technologies, biotechnologies, new generation information technologies, alternative energy, advanced materials and new energy vehicles.
China expanded the U.S.-China Tourism Memorandum of Understanding to three additional provinces for a total of 27 provinces. Spending by Chinese visitors is expected to grow 232 percent to $16.6 billion by 2016, moving up from the seventh largest U.S. market in 2010 to the third in 2016.
In conjunction with the JCCT, U.S. companies signed commercial agreements that will result in nearly $40 million in U.S. exports and support jobs for American workers. The U.S. and Chinese governments also signed agreements related to intellectual property, high-technology trade, statistics and tourism and agreed to public-private partnerships in the areas of energy and U.S. export promotion. Learn more about the signings at the 22nd session of the JCCT here.
Established in 1983, the JCCT is the main forum for addressing bilateral trade and investment issues and promoting commercial opportunities between the United States and China.
Learn more in the fact sheet for the 22nd session of the JCCT here.