Statement From Secretary Ross And Secretary Mnuchin Following The U.S. – China Comprehensive Economic Dialogue

Upon completion of the first meeting of the U.S.-China Comprehensive Economic Dialogue, Co-Chairs Secretary Wilbur Ross and Secretary Steven Mnuchin released the following statement:

“We thank Vice Premier Wang and the Chinese delegation for making the journey to Washington for this first session of the U.S.-China Comprehensive Economic Dialogue.

“We also extend our gratitude to Secretary Perdue, Ambassador Lighthizer, Ambassador Branstad, Chair Yellen and Director Cohn for their participation in these meetings.
“China acknowledged our shared objective to reduce the trade deficit which both sides will work cooperatively to achieve.

“Since the Presidential Summit, the first 100 days made progress on important issues including credit ratings, bond clearing, electronic payments, commercial banking, and liquefied natural gas. Also, this is the first time since 2003 that the Chinese have allowed for imports of American beef.

“The principles of balance, fairness, and reciprocity on matters of trade will continue to guide the American position so we can give American workers and businesses an opportunity to compete on a level playing field. We look to achieving the important goals set forth by President Trump this past April in Mar-a-Lago.”

Statement by the Press Secretary on the Visit of President Xi Jinping of China

President Donald J. Trump will host President Xi Jinping of China at Mar-a-Lago April 6–7, 2017. This will be the first meeting between President Trump and President Xi. The two leaders will discuss global, regional, and bilateral issues of mutual concern. The President and the First Lady will also host President Xi and Madame Peng Liyuan at a dinner on the evening of April 6.

U.S. and Chinese Delegations Conclude the 27th Session of the U.S.-China Joint Commission on Commerce and Trade

U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman today led a U.S. delegation in discussions with Vice Premier Wang Yang and other Chinese government officials as part of the 27th session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) in Washington. U.S. Secretary of Agriculture Tom Vilsack and U.S. Ambassador to China Max Baucus also participated in this year’s JCCT, the last of the Obama Administration. At the conclusion of the discussions, the United States announced key outcomes in the areas of intellectual property protection, pharmaceutical and medical devices, and information security policies.

Specific outcomes of today’s meetings are described below. For further information on outcomes from the meetings, click here.
“The role of the JCCT is to expand the U.S.-China economic relationship by addressing commercial challenges head on and producing concrete results for both our countries. While we have had a productive day, significant challenges remain in our relationship, and we must redouble our commitment to addressing them,” said Secretary Penny Pritzker. “As the two largest economies and the two largest markets in the world, constructive engagement and sustained diplomacy between the United States and China are critical to making progress on the issues that remain in our relationship. That is what the JCCT is all about.”

“Over the years, JCCT has provided a vital platform to discuss the trade and investment issues that shape the U.S.-China economic relationship. This year’s JCCT produced progress on a number of issues facing American workers and businesses, but challenging issues in our bilateral economic relationship remain,”said Ambassador Froman.“What we know is that American workers and businesses are willing to compete with their counterparts in China, but expect to do so on a level playing field. As we conclude the final JCCT under President Obama’s leadership, we are hopeful the JCCT will continue to be an effective forum for sustained and meaningful engagement in the years to come.”

“While the agricultural outcomes of this week’s JCCT did not go as far as the United States had hoped, I remain optimistic that, in the final weeks of this Administration, we can still make additional progress on priority issues including biotechnology approvals and market access for U.S. beef,” said Secretary Tom Vilsack. “I urge both sides to reengage as soon as possible so that we can fulfill this expectation and complete work before the end of the year and the start of the new administration.”

Established in 1983, the JCCT is the primary forum for addressing bilateral trade and investment issues and promoting commercial opportunities between the United States and China. The 2015 JCCT meeting was held in Guangzhou, China.

Building upon the increased size and scope of the U.S.-China commercial relationship, the JCCT was reinvigorated in 2014 to include a full day of collaborative programing designed to facilitate private sector engagement with officials from the United States and China, as well as to promote the exchange of information on trade opportunities at the state, provincial, and local levels.

This year’s private sector engagements included a celebratory dinner hosted by the U.S. Chamber of Commerce and the US-China Business Council, as well as roundtable discussions on corporate restructuring, agriculture and food safety, and the digital economy.

Overview of JCCT Outcomes

Through sustained engagement during the course of this past year, the United States and China have reached agreement in several areas of key importance to U.S. farmers, innovators, manufacturers, workers and consumers, including in the following areas:

Implementation: The United States and China agree on the importance of the full implementation of past JCCT outcomes to secure meaningful benefits for our workers and businesses. China agreed to build upon the 2011 commitment of President Hu Jintao to President Obama to delink Chinese indigenous innovation policies from government procurement preferences, and China’s 2011 JCCT and S&ED commitments to eliminate catalogues or measures with such links.

Medical Devices and Pharmaceuticals: China committed to strengthen oversight of government procurement of medical devices to ensure foreign brands and foreign-manufactured products are treated in a transparent, fair, and equitable manner, and to not link procurement to policies promoting domestically produced medical devices. China also affirmed that drug registration review and approval shall not be linked to pricing commitments and shall not require specific pricing information.
Intellectual Property Rights Protection and Enforcement: China agreed to a number of IPR-related commitments that will facilitate much needed improvements for a wide range of industries that rely on the ability to protect and enforce their IPR in China. China affirmed that it is strengthening its trade secrets protections and prioritizing enforcement against online IPR counterfeiting and piracy. Both countries recognize the important role of online platforms in developing innovative new ways to deliver safe, reliable, and legitimate products in convenient and affordable ways.
Excess Capacity: Building on Presidential commitments made earlier this year, the U.S. and China agreed to jointly promote the expeditious establishment of the Global Forum on Steel Excess Capacity. In addition, the United States and China recognized the G20 Leaders’ commitment to take effective steps to address the challenges of global excess capacity. Both sides have agreed to exchange information on soda ash and to address global electrolytic aluminum excess capacity.

Innovation: This year’s JCCT provided an opportunity for the U.S. and China to build upon commitments made by Presidents Obama and Xi in September that innovation policies should be consistent with the principle of nondiscrimination. China confirmed that its “secure and controllable” policies will not limit sales opportunities for foreign companies or impose nationality-based restrictions, and will be notified to the WTO Technical Barriers to Trade Committee.
Semiconductors: China and the United States jointly reaffirm their commitment to a strong, vibrant global semiconductor industry that operates in fair, open and transparent legal and regulatory environments. China reaffirms that operation of the integrated circuit investment funds will be based on market principles and that the government will not interfere with the normal operation of the funds.

U.S. Deputy Secretary of Commerce Bruce Andrews Delivers Remarks at the 7th U.S.-China Aviation Summit in Washington, D.C.

U.S. Deputy Secretary of Commerce Bruce Andrews delivered remarks at the 7th U.S.-China Aviation Summit on June 20, in Washington, D.C. The Deputy Secretary highlighted the importance of the aviation sector to the U.S.-China commercial relationship.
Remarks as Prepared for Delivery

It is a pleasure to be here for the 7th U.S.-China Aviation Summit. I would like to thank the U.S. Trade and Development Agency and AAAE for extending me the invitation.

I also want to thank our Chinese colleagues for traveling all the way here.

The Department of Commerce leads the Obama Administration’s efforts to strengthen the U.S.-China commercial relationship.

The dialogue made possible by this summit and the Aviation Cooperation Program have been an important part of our commercial engagement for more than a decade.

For three years now, U.S. companies have exported more aerospace products to China than anywhere else.

According to our Top Markets Reports, U.S. exports of aircraft and aircraft parts to China totaled $15.9 billion in 2015 alone.

By 2033, China is predicted to be the world’s largest domestic aviation market.

At the Department of Commerce, our mission is to help America’s aerospace industry take part in that growth.

Of course, new opportunities bring new challenges.

For China’s aviation sector to continue its rapid growth, we need the right infrastructure in place.

Already, global demand for infrastructure is at an all-time high.

Too often though, we talk about infrastructure only in terms of bridges and roads.

In an increasingly globalized world, the aviation industry plays an equally important role connecting our nations, businesses, and cultures.

To our Chinese colleagues here tonight, you should be proud of your aviation sector’s growth over these past 30 years.

The growth of your industry has helped connect China to the global market.

Yet we all face new challenges. We both must address increasing congestion at our airports.

I believe these are challenges that we can overcome – in part – through cooperation and the sharing of best practices.

When our two countries work together, we can bring about real change that benefits our countries, our economies, and our people.

For this sector, that starts with acknowledging the complexity of the challenges we face.

Improving infrastructure and paving the way for smoother air travel is just as much about good governance, good procedures, and good communication as it is about construction and technology.

I saw this firsthand last year when I spoke in Dalian at the Aviation Technology Summit.

That’s why earlier this month we were so pleased to announce a new phase in our bilateral aviation relationship at this year’s Strategic and Economic Dialogue (S&ED).

At the S&ED the United States and China agreed that a strategic, whole-of-government approach was necessary to make aviation systems more efficient.

Just yesterday we held a working level meeting to solidify our government cooperation going forward.

The Department of Commerce is actively working to strengthen our commercial ties and increase U.S. aerospace exports to China.  

We’ll be showcasing American innovation at the airshow in Zhuhai in November, and will have commercial officers on hand to provide market intelligence, match making and other resources.

We’ve also held several aerospace technology roadshows, bringing U.S. companies to cities throughout China to meet with airport planners and explore new opportunities.

And every day, our specialists at the International Trade Administration experts, like Alexis Haakensen on our aerospace team, help businesses connect directly with potential Chinese business partners.

For U.S. companies here this evening, I encourage you to reach out to our Aerospace Team in Washington.

For Chinese companies, I urge you to work with our embassy. Lola Gulomova and Yasue Pai are two outstanding assets for this sector – you should work with them whenever possible.

The United States is committed to increased economic cooperation with China. That is one of the many reasons that President Obama and President Xi decided to make 2016 the U.S.-China Tourism Year. I was honored to attend the launch event for the Tourism Year just a few months ago.

Our two presidents announced the Tourism Year not only to foster greater exchanges between our people, but also to strengthen commercial partnerships between our two countries.

As we all know well, the success of our bilateral relationship is critical to global economic growth and stability – and aviation is a great enabler of that relationship.

So let’s continue working together — through summits like this one and other forums — to ensure aviation remains a centerpiece of our partnership.

Thank for you for the opportunity to be here this evening.

The eighth U.S.-China Strategic and Economic Dialogue wraps up in Beijing

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2016 U.S.-China Strategic and Economic Dialogue
Secretaries Lew and Kerry Pose With Chinese President Xi, Vice Premiers Liu and Wang, and State Councilor Yang Before the Opening Session of the U.S.-China Strategic Dialogue in Beijing.

The eighth session of the U.S.-China Strategic and Economic Dialogue (S&ED) wrapped up on Tuesday, June 7, in Beijing. Secretary Kerry and Treasury Secretary Jacob Lew joined their respective Chinese co-chairs, State Councilor Yang Jiechi and Vice Premier Wang Yang, along with members of the U.S. delegation and their Chinese colleagues for the S&ED.

The S&ED focused on the challenges and opportunities that both countries face on a wide range of bilateral, regional and global areas of immediate and long-term economic and strategic interest.

Secretary Kerry also joined Chinese Vice Premier Liu Yandong for the seventh annual U.S.-China Consultation on People-to-People Exchange (CPE).

The CPE promotes and strengthens people-to-people ties between the United States and China in the fields of education, culture, health, science and technology, sports and women’s issues. It provides a high-level annual forum for government and private-sector representatives to discuss cooperation on exchanges in a broad, strategic manner.
Remarks and other materials related to the S&ED and the CPE:

S&ED opening remarks with Secretary Kerry, Secretary Lew, Chinese President Xi Jinping and other government officials
Secretary Kerry’s remarks at the public event on oceans
Secretary Kerry’s remarks at the EcoPartnerships Event
Outcomes of the S&ED
Fact sheet on the CPE
Secretary Kerry’s remarks at the S-track plenary
Secretary Kerry’s remarks at a meeting with President Xi
Secretary Kerry’s and Secretary Lew’s remarks at the CEO roundtable
Secretary Kerry’s remarks at the CPE plenary session
Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Daniel Russel talks to NPR, previews the S&ED

Automotive Manufacturing Meetings Detroit 2016

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Date: Tuesday, June 14, 2016
Time: 11 a.m. – 12 p.m. Eastern time
Fee: No charge, but registration required

Maximize Your Participation in the “Automotive Manufacturing Meetings Detroit 2016”

Join a U.S. Commercial Service’s complimentary webinar on June 14 for tips on how to get the most out of Automotive Manufacturing Meetings (AMM) Detroit, which will take place on November 15-17, 2016. The event offers a unique B2B platform based on pre-arranged meetings between buyers and sellers.

The webinar will answer the following questions:

What is Ford’s role in AMM Detroit?
Is it possible to connect with supply chain teams from companies such as Ford, FCA, Faurecia, Dakkota Integrated Systems, Johnson Controls, Delphi, Piston Group, Valeo, Denso, Eaton, UTC and more?
Is it possible to develop business relations with companies from China, Malaysia, France, Italy, Germany, Turkey, Mexico and Canada?
What are AMM Detroit technical spectrum and capabilities requirements?

To learn more about Automotive Manufacturing Meetings Detroit, visit their website at: export.gov

Questions? Contact Eve.Lerman@trade.gov, 248-975-9605.

108 Giant Chinese Infrastructure Projects That Are Reshaping The World

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$2.2 BILLION: At 128 stories, The Shanghai Tower will be the tallest skyscraper in China and the second tallest in the world when completed in 2014

BUSINESS INSIDE, by Vivian Giang and Robert Johnson

As hundreds of million of Chinese move to cities and enter the middle class, China faces a huge demand for new infrastructure.

At the same time, Beijing looks to fixed-asset investments to keep the economy booming.

The resultant infrastructure push is incredible. A list of 108 super projects is floating around Chinese message boards. From highways spanning the continent, to the largest wind power base in the world, to a modern Silk Road that links Europe and India, to new cities in the desert, China is showing what it really means to do big things.