China

Readout of Secretary Raimondo’s Meeting with Minister of Commerce of China Wang Wentao

AICC Asia, Business, China, Home, News, Trade, USA, World

U.S. Secretary of Commerce Gina Raimondo today met with Minister of Commerce of the People’s Republic of China Wang Wentao to advance U.S. commercial and strategic interests. The meeting was part of ongoing efforts to deliver on President Biden’s directive following his meeting with President Xi in November 2022 to deepen bilateral discussions. 

Secretary Raimondo emphasized the importance of ensuring open lines of communication between the United States and China and took concrete steps to deliver on that goal. Secretary Raimondo and Minister Wang agreed to: 

  • Establish a new commercial issues working group, a consultation mechanism involving U.S. and PRC government officials and private sector representatives to seek solutions on trade and investment issues and to advance U.S. commercial interests in China. They agreed that the working group will meet twice annually at the Vice Minister level, with the U.S. hosting the first meeting in early 2024.
  • Launch the export control enforcement information exchange, which will serve as a platform to reduce misunderstanding of U.S. national security policies. The first in-person meeting will occur at the Assistant Secretary level at the Ministry of Commerce in Beijing on Tuesday, August 29.
  • Convene subject matter experts from both sides to hold technical discussions regarding strengthening the protection of trade secrets and confidential business information during administrative licensing proceedings. 
  • Communicate regularly at the Secretary and Minister level about commercial and economic issues and to meet in-person at least once annually. 

Secretary Raimondo discussed opportunities to promote economic exchange where it aligns with U.S. interests and values. She underscored the importance of leveling the playing field for U.S. workers and businesses and ensuring the fair and transparent treatment of U.S. companies in China. Finally, Secretary Raimondo reinforced the Administration’s commitment to taking actions necessary to protect U.S. national security and reiterated the Administration’s “small yard, high fence” approach, underscoring that export controls are narrowly targeted at technologies that have clear national security or human rights impacts and are not about containing China’s economic growth.

U.S. Secretary of Commerce Gina Raimondo to Travel to the People’s Republic of China

AICC Asia, China, Home, News, Trade, USA, World

U.S. Secretary of Commerce Gina Raimondo will travel to Beijing and Shanghai, the People’s Republic of China (PRC), from August 27-30 for meetings with senior PRC officials and U.S. business leaders. Secretary Raimondo’s travel follows President Biden’s meeting with President Xi last November to deepen communication between the U.S. and the PRC on a range of issues. While in the PRC, Secretary Raimondo looks forward to constructive discussions on issues relating to the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation.

California Lieutenant Governor Eleni Kunarakis presented a Certificate of Recognition to the AICC for its participation in the CIFTIS 2021

AICC Business, China, Entrepreneur, Event, Fair, Home, Membership, Services, Trade, USA

California Lieutenant Governor Eleni Kounalakis presented a Certificate of Recognition to the American International Chamber of Commerce (AICC) on September 2 and thanked the AICC for its participation in hosting the California Pavilion and Investment Trade Forum at the China International Trade in Services (CIFTIS) 2021.

“It is with great pleasure to recognize you and your leadership your role as Executive Chairman of the American International Chamber of Commerce (AICC),” Lieutenant Governor Eleni Kunarakis wrote on the Certificate of Recognition, “Thank you for representing the AICC as the host of the California Pavilion and Forum in the International Trade and Service Fair in Beijing, China.”

“I am very pleased that Lieutenant Governor Eleni Kunarakis of California today presented the Certificate of Recognition to AICC, and I thank the State of California for reaffirming the work of the AICC,” said Holmes Stoner, Chairman of the American International Chamber of Commerce, on September 2nd, “Under the current economic and trade environment between the United States and China, it is of special significance for the California government to recognize and award the work of the AICC in China. We always believe that foreign enterprises will have more development opportunities and broader development space and benefit more from cooperating with California enterprises or investing in California. For a long time, we have focused on promoting California’s cooperation with Provinces and cities in China, which has achieved sustainable and productive results and won praise and praise from our partners and member companies. We are willing to continue to strengthen interaction and provide services for Chinese enterprises and entrepreneurs, and work together for mutually beneficial development.”

“We are grateful to the State of California and Lieutenant Governor Eleni Kunarakis for their support of our project,” said Jason Quin, Executive Chairman of the AICC, “CIFTIS is the largest fair of trade in service in the world. The AICC is willing to provide effective services to American businesses participating in the CIFTIS. Through the excellent platform of CIFTIS, the AICC will continue to promote the image of participating companies, enhance their brands, and promote business development. Actively provide follow-up services for Chinese enterprises and entrepreneurs to invest and do business in California after the conference, and provide practical docking of investment and trade business for our members and customers.”



US Blacklists 34 Entities, Including 14 Chinese Companies

AICC Business, China, Home, Import, Trade, USA

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) added 34 entities to the Entity List for their involvement in, or risk of becoming involved in, activities contrary to the foreign policy and national security interests of the United States. Of these 34 entities, 14 are based in the People’s Republic of China (PRC) and have enabled Beijing’s campaign of repression, mass detention, and high-technology surveillance against Uyghurs, Kazakhs, and members of other Muslim minority groups in the Xinjiang Uyghur Autonomous Regions of China (XUAR), where the PRC continues to commit genocide and crimes against humanity. Commerce added another five entities directly supporting PRC’s military modernization programs related to lasers and C4ISR programs to the Entity List.

Secretary of Commerce Gina Raimondo issued the following statement: “The Department of Commerce remains firmly committed to taking strong, decisive action to target entities that are enabling human rights abuses in Xinjiang or that use U.S. technology to fuel China’s destabilizing military modernization efforts. We will continue to aggressively use export controls to hold governments, companies, and individuals accountable for attempting to access U.S.-origin items for subversive activities in countries like China, Iran, and Russia that threaten U.S. national security interests and are inconsistent with our values.”

As part of this package, Commerce added eight entities for facilitating the export of U.S. items to Iran in violation of the Export Administration Regulations (EAR) or to entities on the U.S. Department of the Treasury’s Office of Foreign Assets Control Specially-Designated Nationals List. Commerce added another six entities for their involvement in the procurement of U.S.-origin electronic components, likely in furtherance of Russian military programs. Additionally, Commerce added one entity to the Military End-User List under the destination of Russia. Finally, Commerce removed one entity from the Unverified List, as a conforming change to this same entity being added to the Entity List for being involved in proliferation to unsafeguarded nuclear activities.

The Entity List is a tool utilized by BIS to restrict the export, reexport, and transfer (in-country) of items subject to the EAR to persons (individuals, organizations, companies) reasonably believed to be involved, or to pose a significant risk of becoming involved, in activities contrary to the national security or foreign policy interests of the United States. Additional license requirements apply to exports, re-exports, and transfers (in-country) of items subject to the EAR to listed entities, and the availability of most license exceptions is limited.