U.S. Secretary of Commerce Wilbur Ross Announces Hundreds of Billions in Deals Between U.S. Companies and Chinese Entities

Nov 9th, U.S. Secretary of Commerce Wilbur Ross announced the signing of approximately a quarter trillion dollars in deals facilitated by the Department of Commerce between private U.S. businesses and Chinese entities. The agreements, most of which occurred as part of the U.S. Department of Commerce’s 2017 U.S. CEO Delegation to China, will bring thousands of new jobs to America.

“American businesses are the most innovative in the world, and, when given access, can compete with anyone,” said Secretary Ross. “I believe these deals can provide a solid foundation for a stronger relationship that is more free, fair, and reciprocal between the U.S. and China.”

Addressing the imbalance in U.S.-China trade has been a central focus of discussions between President Trump and President Xi since their first meeting at Mar-a-Lago in April. Today they joined each other at the Great Hall of the People to witness the signing of fifteen of the largest agreements.

“It was a great honor for these to be witnessed by President Trump and President Xi today,” continued Secretary Ross. “A special thank you to our CEO Delegation for their hard work in support of this historic event.”

The Delegation participated in two days of productive exchanges with Chinese businesses and government officials where they advocated for American business interests. They also established relationships that will pay dividends far into the future.

Below is a list of the trade and investment deals signed by U.S. companies and Chinese entities. All are subject to definitive documentation and to all applicable U.S. and Chinese rules and laws, including review by CFIUS and BIS export control in the United States.

Some deals do not have publicly disclosed dollar values, and the Department of Commerce will not release confidential figures pertaining to the deals it facilitated. For additional information regarding specific agreements, please contact each company.

Please click HERE for descriptions of each deal.

These 2017 U.S. CEO Delegation to China deals include:

  • Air Products (APD) Air Products and Yankuang Group Co., Ltd. – $3.5 billion
  • The State of Alaska, Alaska Gasline Development Corporation (AGDC), China Petrochemical Corp (Sinopec), China Investment Corporation (CIC), and Bank of China (BOC) – $43 billion.
  • Archer Daniels Midland Company (ADM) and COFCO
  • Bell and Reignwood signed an agreement for 60 Bell 505s, valued at $50 million.
  • Boeing and China Aviation Supplies Holding Company — $38 billion.
  • Caterpillar Inc, and China Energy Investment Corp
  • Cheniere Energy and China National Petroleum
  • Dais Analytic Gouanrui (Beijing) Technology Co., Ltd
  • Delfin Midstream and China Gas Holdings – $8 billion
  • Digit group and Gateguard – $100 million
  • Digit group and Foton – $310 million
  • Digit Group and HeDa Group – $1.5 billion
  • The Dow Chemical Company
  • Dow and Mobike
  • Drylet, LLC and Nanjing Hoyo Municipal Utilities Investment and Administration Group – $100 million
  • GE and Juneyao Airlines – $1.4 billion
  • GE and ICBC – $1.1 billion
  • GE and China Datang Group – $1 billion
  • Goldman Sachs China Investment Corporation (“CIC”) – $5 billion
  • Honeywell and Oriental Energy
  • Honeywell and Spring Airlines
  • I. M. Systems Group, Inc. (IMSG) and Civil Aviation Telecom Co., Ltd.
  • Qualcomm and Xiaomi, Oppo and Vivo – $12 billion
  • SAS and Shenzhen Zhenghong Technology Co. Ltd. – $30 million
  • Stine Seed China and Beijing W. Seed – $10 million
  • TEREX and Xuzhou Handler – $250 million
  • Thermo Fisher Scientific, Beijing Municipal Commission of Science and Technology, Tsinghua University, Beijing Novogene Bioinformatics Technology Co., Ltd, and Innovent Biologics (Suzhou) Co., Ltd – $35 million
  • U.S. Soybean Export Council (USSEC) and the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-products (CFNA) – $3.4 billion
  • Viroment and Hangzhou Iron and Steel – $800 million
  • Viroment and Guangye Guangdong Environmental Protection Group, Co, LTD. – $100 million
  • Westinghouse Electric Company, Nuclear Power Technology Company (SNPTC) and subsidiaries, State Nuclear Power Engineering Corporation (SNPEC) and State Nuclear Power Automation & Engineering Company (SNPAS)

Nondelegation deals:

  • American Ethane and Nanshan Group – $25 billion
  • Ford Trading Company LLC. And Ford Motor (China) Ltd. – $10 billion
  • GM and SAIC-GM – $2.2 billion.
  • The Montana Stockgrowers signed and Jingdong Century Trade Company (JD.com) – $200 million. Smithfield Food Inc.
  • Smithfield Food Inc and Jingdong Century Trade Company (JD.com) – $1 billion.
  • The state of West Virginia and Shenhua corporation – $83 billion.

Upcoming Trade Events

Trade EventsExpo MRO
Ciudad Juárez, Mexico
October 11-13, 2017

This trade show is a popular option for companies who want to supply MRO materials to Mexican manufacturers. Several American companies exhibit at the event held in Ciudad Juarez, Mexico. MRO materials are quick sales and don’t need to comply with the lengthy, burdensome procurement process required for direct materials. Expo MRO is a great venue for companies to explore opportunities and to network with fellow manufacturers.

Trade Winds Business Forum
Southeast Europe
October 16-23, 2017

commercial specialists have identified the advanced manufacturing sector as one with top prospects for sales in Southeast Europe. With tens of billions of dollars in available EU funds for economic development, there are a number of opportunities for U.S. exporters in this dynamic and growing region.

Certified Trade Mission to Azerbaijan & Georgia
Oct 16-18, 2017

Azerbaijan, with a GDP of $37.5 billion, is a country on the move with countless opportunities for business. Georgia, with a GDP of 14.5 billion, has many trade agreements in place that provide opportunities for companies to access not only the country’s 4.4million residents, but the wider region without or with limited customs tariffs. U.S. companies may participate in one or both stops in order to: explore these markets for new business opportunities; meet with pre-screened distributors, customers and business partners; meet with government officials; and, network with key business people.

Webinar: International Additive Manufacturing Standardization
October 17, 10:00a.m. EDT, 2017

The global additive manufacturing market is booming. Due to recent statistics, Germany is at the forefront. The share of local firms already utilizing 3D-printing promises rapid growth in the future.
Topic 1 – Regulations relating to Additive Manufacturing in the US and EU: Get an insight into the appropriate regulations to export successfully.
Topic 2 – Snapshot of the Additive Manufacturing market in Germany/Europe Germany as the EU’s largest market offers U.S. additive manufacturers good potential.
Free webinar.

FABTECH 2017
McCormick Place, Chicago
November 6-9, 2017

FABTECH provides a convenient venue where you can meet with world-class suppliers, see the latest industry products and developments, and find the tools to improve productivity, increase profits and discover new solutions to all of your metal forming, fabricating, welding, and finishing needs. The annual event will see more than 1,700 exhibitors and 50,000 attendees. Join the U.S. Commercial Service at this event. Contact Allison Mello for details.

Plastimagen 2017
Centro Banamex, Mexico City
November 7-10, 2017

Plastimagen 2017 is the most complete and important U.S. Department of Commerce certified trade fair for the plastic industry in Latin America. With over 850 exhibiting companies from 20 different countries including Guatemala, Colombia, Brazil, Argentina and others. The show brings together more than 28,000 visitors with a large percentage of decision makers and industry leaders. The U. S. pavilion is booked up but spaces are still available in the machinery section.

Composites Meetings B to B event
Nantes, France
November 8-9, 2017

An international custom-tailored matchmaking program which in 2015 attracted 420 participants from 21 countries and generated 5200 b2b meetings. Unlike traditional exhibits, the event provides pre-arranged one-on-one meetings strictly reserved for professionals that pre-register. It is a great opportunity to be connected with decision-makers from major target industries, including aerospace, automotive, nautical construction, rail and energy.

Integr8 2017, Automation Alley’s Industry 4.0 Conference
Detroit, Michigan
November 9, 2017

Join Ian Steff, Deputy Assistant Secretary for Manufacturing, U.S. Department of Commerce at Integr8 2017! Get inspired by the world’s foremost Industry 4.0 thought leaders as they discuss the smart technologies shaping our future. Meet us at Integr8™, Automation Alley’s one-of-a-kind, global conference focused on the eight technologies currently disrupting the manufacturing industry. Integr8™ aims to educate attendees on the advantages and benefits of implementing advanced manufacturing technologies on our factory floors.

IMTEX Forming 2018
Bengaluru, India
January 25-30, 2018

Organized by the Indian Machine Tool Manufacturers’ Association (IMTMA), IMTEX and the concurrent Tooltech 2018 is one of the largest international machine tools expos in Asia. The show will feature all aspects of forming technologies, predominantly sheet metal forming. It attracts visitors from a wide spectrum of manufacturing and ancillary industries, including key decision and policy makers as well as industry captains who are keen to source latest technologies and manufacturing solutions for their product lines. The Commercial Service will be happy to provide counselling on market opportunities in India and matchmaking services for exhibiting/participating U.S. companies in and around the show dates.

ACMEE 2018
Chennai, India
June 21-25, 2018

This show is held once every two years and is one of the premier expos of machine tools. It is organized by the local manufacturing association of Ambattur Industrial Estate Manufacturers Association (AIEMA). The last show in 2016 had 465 exhibitors including 125 from overseas and 45,000 visitors.

DOC Issues Affirmative Preliminary Antidumping Duty Determinations of Silicon Metal from Australia, Brazil and Norway

Today, U.S. Secretary of Commerce Wilbur Ross announced affirmative preliminary determinations in the antidumping duty (AD) investigations on silicon metal, finding that exporters from Australia, Brazil, and Norway have sold this merchandise in the United States at rates ranging from 20.79 percent, 56.78 percent to 134.92 percent, and 3.74 percent, respectively at less than fair value.

The Commerce Department will instruct U.S. Customs and Border Protection to collect cash deposits from importers of silicon metal from Australia, Brazil, and Norway based on these preliminary rates.

“The U.S. values its relationships with these nations, but even friendly countries must play by the rules,” said Secretary Ross. “We will continue to review all information related to this preliminary determination while standing up to the American worker and business.”

In 2016, imports of silicon metal from Australia, Brazil, and Norway were valued at an estimated $33.9 million, $60.0 million, and $21.6 million, respectively.
The petitioner is Globe Specialty Metals, Inc. Its production facilities are located in Alabama, New York, Ohio, and West Virginia.

Enforcement of U.S. trade law is a prime focus of the Trump administration. From January 20, 2017, through October 5, 2017, Commerce has initiated 65 antidumping and countervailing duty investigations – a 48 percent increase from the previous year, and a 16-year peak in the number of investigations initiated in a single fiscal year. For the same time period in 2016, The Commerce Department had initiated 44 antidumping and countervailing duty investigations.

Commerce currently maintains 411 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade. Antidumping laws provide U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of dumping unfairly priced products into the United States.

Commerce is currently scheduled to announce its final AD determinations on February 16.
If Commerce makes affirmative final determinations of dumping and the U.S. International Trade Commission (ITC) makes affirmative final injury determinations, Commerce will issue AD orders. If Commerce makes negative final determinations of dumping or the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.

DOC Defers the Issuance of the Preliminary Antidumping Duty Determination on Aluminum Foil from China

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department will defer issuing its preliminary determination in the antidumping duty (AD) investigation on aluminum foil from China. The deferral will allow the Commerce Department to fully analyze information pertaining to China’s status as a non-market economy (NME) country, which is being contemplated within the context of this AD investigation.

“In all cases, the Department conducts a full and fair assessment of the facts,” said Secretary Ross. “This extension will ensure that the highest standards are followed in this case as we seek to guarantee fair treatment for U.S. workers and businesses.”
Enforcement of U.S. trade law is a prime focus of the Trump administration. The antidumping duty law provides U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfairly priced imports into the United States.

Secretary Ross has vowed to make use of all tools available to hold our trading partners accountable and a fulsome review of China’s NME status is the bedrock of this promise. Conducting a thorough and comprehensive inquiry on China’s NME status is critical to upholding the principle of fair trade.

The Department intends to issue its preliminary determination in this investigation, including a decision on China’s NME status, no later than November 30, 2017. A final determination will be made 75 days after this preliminary decision, unless postponed at a later date.

The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade laws and does so through an impartial, transparent process that abides by international law and is based solely on factual evidence.

Secretary Ross’s Meetings with Chinese Officials During East Asia Travel

On September 25, Secretary Wilbur Ross and Ambassador Terry Branstad met separately with Premier Li Keqiang, Vice Premier Wang Yang, NDRC Chairman He Lifeng, Director of the Party Central Economic and Financial Affairs Leading Small Group Liu He, and MIIT Minister Miao Wei. The Secretary also met with his counterpart, Minister of Commerce Zhong Shan, on the evening of September 24.

The meetings provided opportunities to prepare the ground for President Trump’s planned visit to Asia later this fall and to engage in a friendly and honest exchange of views on a range of issues including the need to rebalance bilateral trade and investment relations, protect intellectual property, lower tariffs and non-tariff barriers, and guarantee fair and reciprocal treatment for U.S. firms.

The Secretary highlighted his intention to lead a senior level trade mission to China in November and to reduce the trade deficit through increased exports of high-value U.S. goods and services to China and improved market access for U.S. firms.

Chinese officials committed to further market opening and welcomed participation by U.S. firms. Both sides expressed the view that bilateral trade frictions should be resolved through negotiation, commitment to high standards, and good economic governance. Secretary Ross reiterated the need for concrete deliverables and meaningful action on key issues.

Chinese officials also expressed concern about U.S. export controls and about the Section 301 investigation that is being conducted by the United States Trade Representative.

In response, the Secretary relayed the ongoing concerns of the U.S. business community at forced technology transfers, data localization, and other intellectual property rights issues. Chinese officials asked Secretary Ross to inform them of any such issues to them as they arise, saying they would seek to resolve these challenges on behalf of American companies.

Chinese officials continually stressed that dialogue is preferable to unilateral action, saying that they would have to respond in kind to any potential action by the United States. Secretary Ross once again continued to stress the need for concrete action to address the concerns of U.S. businesses, and that the U.S. would take action to defend American workers and businesses if cooperative efforts bear no fruit.

Secretary Ross now travels on to Hong Kong, Thailand, and Laos.

Outlook on Ukraine 2017 Investment Conference

09 Oct 2017
London, UK
EBRD, Emerging Europe

The European Bank for Reconstruction and Development and Emerging Europe are co-hosting the EBRD-Emerging Europe: Outlook on Ukraine 2017 investment conference at the EBRD Headquarters in London on Monday 09 October.

The free to attend event will bring together policymakers, investors and prominent business people to discuss the economic outlook on Ukraine. It will also offer you opportunities to have one-to-one meetings with decision makers from the Ukrainian government, international financial institutions and business representatives.

During the conference, EBRD will explore investment opportunities in three fast-growing areas of the Ukrainian economy: energy, manufacturing and ICT.

Special guest speakers and panellists include:

Daniel Bilak, CEO, UkraineInvest / Advisor to Prime Minister
Sevki Acuner, Country Head of Ukraine, EBRD
Ivan Mikloš, Chief Economic Advisor to the Prime Minister of Ukraine and Chairman of the Strategic Advisory Group for Support of Ukrainian Reforms
Natalia Boyko, Deputy Minister of Energy and Coal Industry on European Integration
Oleksandr Sayenko, Minister of the Cabinet of Ministers (tbc)
Sergiy Savchuk, Head, State Agency of Energy Efficiency
Maxim Timchenko, CEO, DTEK
Elias van Herwaarden, EMEA Service Leader, Deloitte Global Location Strategies
Stepan Veselovskiy, Director, Lviv IT Cluster
Volodymyr Zhenchak, CEO, Lviv IT Park

Registration opens at 1500hrs and then the business session will begin punctually at 1530hrs in the Auditorium, with a coffee break at 1710hrs between the panel discussions. Then the event will conclude with a cocktail networking reception starting at 1830hrs.

Looking forward to seeing you at EBRD Headquarters on Monday 09 October!

Cosmoprof Asia 2017

Asia World Expo and Hong Kong Convention Center
Hong Kong
Nov 14-17, 2017

Launched 22 years ago, Cosmoprof Asia has grown into the largest most comprehensive international beauty trade show in the entire Asia Pacific region. Thanks to its strategic positioning, Hong Kong has become the beauty capital of Asia Pacific and increasingly represents a launch pad into the entire Asian market.

Cosmoprof Asia 2016 attracted 2,504 exhibitors from 42 countries and regions around the world, including 22 national and group pavilions. Close to 60,000 buyers from over 100 countries and regions attended the event.

Cosmoprof Asia 2016 was also extensively covered by trade media across the world. At Cosmoprof Asia all the categories represented will definitely benefit from a customized visitors flow as well as the tailor-made business environment. 

To accommodate the strong demand of exhibition space and to offer a wide range of novelties and trends to visitors, Cosmoprof Asia will expand the show floor to ASIAWORLD-EXPO in 2017. With the “1 Fair 2 Venues” concept, ASIAWORLD-EXPO will host all kinds of Pack & OEM suppliers in 5 halls: Ingredients, Machinery & Equipment, Packaging, Contract Manufacturing and Private Label.

The HONG KONG CONVENTION & EXHIBITION CENTRE will host all finished cosmetics: Cosmetics & Toiletries, Natural Health, Beauty Salon, Hair Salon, Nail & Accessories.