Travel

Readout of Secretary Raimondo’s Meeting with the U.S. Travel and Tourism Advisory Board

AICC Business, Home, News, Travel, USA

This week, Secretary Gina M. Raimondo met with the U.S. Travel and Tourism Advisory Board (TTAB) to underscore the Biden-Harris Administration’s commitment to advancing the growth of the U.S. travel and tourism industry including through implementation of the 2022 National Travel and Tourism Strategy across the U.S. government.

Assistant Secretary of Commerce for Industry and Analysis Grant Harris provided updates on action taken by Commerce and agencies of the Tourism Policy Council to accelerate the recovery and growth of the travel and tourism industry, including by working to make travel and tourism communities more resilient, destinations more accessible for travelers with disabilities, and to support job growth across the country.

On behalf of the Secretary, Deputy Assistant Secretary for Travel and Tourism Alex Lasry charged the TTAB with developing additional recommendations in early 2024 to further inform the implementation of the National Travel and Tourism Strategy.

The TTAB is the private sector advisory body to the U.S. Secretary of Commerce on matters relating to the travel and tourism industry in the United States. Furthermore, the National Travel and Tourism Strategy was developed and is administered by the National Travel and Tourism Office, located within Commerce’s International Trade Administration.

U.S. DEPARTMENT OF COMMERCE INVESTS $915,120 IN CARES ACT RECOVERY ASSISTANCE TO SUPPORT TRAVEL AND TOURISM SECTORS IN LAS VEGAS, NEVADA

AICC Business, Government, Home, Investment, Membership, News and Press, Travel, USA

WASHINGTON – August 19, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $915,120 CARES Act Recovery Assistance grant to the Nevada System of Higher Education, Las Vegas, Nevada, to support the post-pandemic revitalization of Nevada’s travel and tourism sectors. This EDA grant, to be matched with $228,780 in local investment, is expected to create 13 jobs and retain 120 jobs.

“The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the coronavirus pandemic,” said Maiea Sellers, Acting Director of EDA’s Seattle Regional Office. “This EDA investment will support the University of Nevada at Las Vegas’s Hospitality and Entertainment COVID-19 Labs in providing business resilience consultation to small and medium-sized enterprises in the region.”

“I’m so glad to see the University of Nevada, Las Vegas get these EDA funds to support programs to revitalize our hard-hit tourism and travel industry,” said Senator Catherine Cortez Masto. “This is exactly why I worked so hard to advocate for these resources to aid Nevada, so that states like ours that depend on these industries would have the support they need to recover from the pandemic.”

“Travel and tourism play a critical role in the success of Nevada’s economy,” said Senator Jacky Rosen. “During the COVID-19 pandemic, these key industries were hit hard, resulting in business closures, job losses, and economic hardship for Nevada’s communities. In the Senate, in my role as Chair of the Senate Subcommittee on Tourism, Trade, and Export Promotion, I have been committed to reviving travel and tourism in Nevada. I am glad to see that this Economic Development Administration grant – funded through the CARES Act, which I proudly supported – will help restore our state’s travel, tourism, and hospitality sectors to their pre-pandemic vitality. I will continue working to ensure that Nevada and its industries have the resources they need to fully recover from the challenges of this pandemic.”

“As the Chair of the Subcommittee on Economic Development, I am proud of my work to secure these dollars in support of Southern Nevada’s economic recovery,” said Congresswoman Dina Titus (NV-01). “UNLV has one of the nation’s premiere hospitality programs, and these grant dollars will further support our travel and hospitality small businesses as they navigate the challenges posed by the coronavirus pandemic.”

This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136 PDF), which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to coronavirus. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance(EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.

Upcoming: USA pavilion at 2019 China  International Fair for Trade in Services

AICC Business, Event, Export, Home, News and Press, Services, Trade, Travel

American International Chamber of Commerce (AICC) will host a USA pavilion at 2019 China  International Fair for Trade in Services (CIFTIS) to promote exports and promote American brands, products and services. AICC welcomes U.S. enterprises to participate into the USA pavilion in 2019 CIFTIS.

2019 China  International Fair for Trade in Services (CIFTIS) co-hosted by the Ministry of Commerce and the People’s Government of Beijing Municipality, has been successfully held for five years, becoming a leading exhibition of trade and services in China and the largest comprehensive fair for trade in services in the world. 2019 CIFTIS  will be held in Beijing from May 28 to June 1 in the theme of “Opening-up, Innovation, Intelligence and Integration”.

This year’s CIFTIS has 5 major features:

Highlight expansion of opening-up in service industry and trade in services, and contribute to building a new pattern of comprehensive opening-up. Implement China’s strategy of expanding opening-up, display the 68 achievements made during the first two batches of Beijing’s expansion of opening-up in service industry and China’s opening-up measures such as free trade pilot zone, promote Beijing’s new round of pilot policies for expansion of opening-up in service industry, standards of trade in services, rule-making and system construction, advance further opening-up and cooperation in global trade in services and contribute to building a community of shared future for mankind.

Stress internationalization and deepen the “Belt and Road” international cooperation on trade in services. Invite countries along the “Belt and Road”, top 30 countries and regions of trade in services, 14 countries that signed trade in services agreements with China, international trade associations and well-known enterprises in service industry and trade in services to participate in the fair.

Stress innovation-driven, intelligent development, integration and improvement, and lead the innovation and development of service industry and trade in services. Actively implement the innovation-driven development strategy, exhibit new models, businesses, and services that new technologies such as artificial intelligence and 5G are applied in service field; Promote innovation achievements in intelligent manufacturing, healthcare, and life, the digitization and intelligence of service industry and trade in services; Facilitate the integrated development between service industries including modern service industry and advanced manufacturing, culture and tourism, and that between trade in services and service consumption.

Emphasize negotiation trade, and enable participating enterprises to achieve practical cooperation. This year’s CIFTIS, with serving customers as the fundamental goal and facilitating negotiation trade as the core, collects demands for project trade and carries out trade matching in advance; Push ahead negotiation and cooperation with more than 100 promotion and negotiation activities.

Make a new exhibition layout, magnify CIFTIS’ role as a platform. This year’s CIFTIS uses the form of “one main venue assisted by multiple others” for the first time, which is to set up the main venue at China National Convention Center and the neighboring Beijing International Convention Center & the Olympic Celebration Square, other venues at Wangfujing Business Street, Financial Street, Central Business District, Sub-center, Huilonguan and Tiantongyuan areas, etc.As a state-level, international and comprehensive trading platform for trade in services, CIFTIS is important in serving national politics, economy, diplomacy, reform and opening up, development, and achieving the expansion of opening-up in China’s service industry and the high-quality development of trade in services.

The AICC team welcome your participation!

Contact:

Mr. Jason Quin
American International Chamber of Commerce
355 S. Grand Ave., Suite 2450
Los Angeles, CA 90071
Email: jasonquin@aiccus.org

Ms. Wendy Liu
AICC Beijing Office
9 Jianwai Street, DRC 7-3-43
Chaoyang, Beijing, 100600
Email: beijing@aiccus.org

Apply Now!

Link:

CIFTIS website

Upcoming: 2018 Miss Asia International Pageant Final – Los Angeles

AICC Business, Culture, Entertainment, Event, Home, Information, Media, Membership, News and Press, Services, Travel

Millennium Biltmore Hotel Los Angeles
506 S. Grand Ave.
Los Angeles, CA 90071
December 8, 2018.
3:00PM – 7:00PM

2018 Miss Asian International Pageant

2018 Miss Asian International Pageant USA Final sponsored by the American International Chamber of Commerce will be held at the Millennium Biltmore Hotel Los Angeles at 1:30PM on December 8, 2018.

Entering the Miss Asia International Beauty Pageant can be a very fun and fulfilling experience. This year’s contestants will compete for an amazing array of prizes, including photo shoot packages, scholarships, opportunites in the entertainment industry in modeling and acting, and the prestige of a year-long reign as the title holder of the premier pageants.

In addition to the prizes, contestants will receive various benefits from the sponsors as well as a myriad of opportunities to attend high profile red carpet events in Los Angels, New York, and China, fashions shows, and fundraisers in support of noble charitable organizations. Each contestant will represent their ancestral country in order to promote their culture, tourism and strengthen our bonds though a unity of diversity.

Tickets and RSVP
Phone: 626-675-4918
Miss Asia International Pageant Committee Los Angeles

Upcoming: 2018 Miss Asia International Pageant China Final in Beijing

AICC Business, Chinese, Culture, Event, Home, Information, Media, News and Press, Services, Travel

Crowne Plaza Hotel Beijing Lido
6 Jiangtai Road
Chaoyang District
Beijing, 100016, China
Nov 11th,2018
1:00PM

2018 Miss Asia International Pageant China Final in Beijing

American International Chamber of Commerce ( AICC) will host the 2018 Miss Asia International Pageant China Final in Beijing.

RSVP
Phone: + 8610-8532 4980
Miss Asia International Pageant Committee China

DOC Issues Affirmative Preliminary Antidumping Duty Determination on Imports of 100- to 150-Seat Large Civil Aircraft From Canada

AICC Business, Home, Manufacture, News and Press, Transportation, Travel

Today, U.S. Secretary of Commerce Wilbur Ross announced the affirmative preliminary determination in the antidumping duty (AD) investigation of 100- to 150-seat large civil aircraft from Canada. As AFA, Commerce applied the sole dumping margin calculated in the petition for Canadian exports of aircraft, which is 79.82 percent. This rate will apply to all other producers/exporters as well.

The Commerce Department will instruct U.S. Customs and Border Protection to collect cash deposits from importers of 100- to 150-seat large civil aircraft based on this preliminary rate.

“The United States is committed to free, fair and reciprocal trade with Canada, but this is not our idea of a properly functioning trading relationship,” said Secretary Ross. “We will continue to verify the accuracy of this decision, while do everything in our power to stand up for American companies and their workers.”
Although Canadian civil aircraft subject to this investigation have not yet been imported, an April 2016 press release announcing the sale of Canadian civil aircraft to a U.S. airline valued the order to be in excess of $5 billion.

The petitioner is The Boeing Company (IL).
Enforcement of U.S. trade law is a prime focus of the Trump administration. From January 20 through October 5, 2017, the Commerce Department has initiated 65 AD and countervailing duty (CVD) 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. The Commerce Department currently maintains 411 AD and CVD 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 determination in this investigation on December 19, 2017.

If the Commerce Department makes an affirmative final determination of dumping and the U.S. International Trade Commission (ITC) makes an affirmative final injury determination, Commerce will issue an AD order. If the Commerce Department makes a negative final determination of dumping or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.

Passport App to Expedite Arrival of International Travelers at LAX

AICC Home, Information, News and Press, Transportation, Travel, Visa

LOS ANGELES — U.S. Customs and Border Protection (CBP) and Los Angeles World Airports (LAWA) announced today the expansion of Mobile Passport Control (MPC) to LAX. With the addition of LAX, Mobile Passport Control is now available to U.S. citizens and Canadian visitors arriving at 23 major international airports. The Mobile Passport app has been downloaded 1 million times over the last two years.

Mobile Passport is the first authorized app to expedite a traveler’s arrival into the United States. Eligible travelers may voluntarily submit their passport information and answers to inspection-related questions to CBP via a smartphone or tablet app prior to arrival. Android and iPhone users can download the Mobile Passport app for free from the Google Play Store and Apple App Store.

“CBP is committed to improving the international travel experience by offering new and innovative technology to streamline the arrival process,” said Carlos C. Martel, CBP Director of Field Operations in Los Angeles. “Through our partnership with Los Angeles World Airports, travelers arriving at LAX will have another processing option to use that has been proven to reduce wait times without compromising our important border security mission.”

MPC currently offers U.S. citizens and Canadian visitors a more efficient in-person inspection between the CBP officer and the traveler upon arrival in the United States. Much like Automated Passport Control (APC) the app does not require pre-approval and is free to use. Travelers who successfully use the app will no longer have to complete a paper form or use an APC kiosk. As a result, travelers will experience shorter wait times, less congestion and faster processing.

“At Los Angeles World Airports, one of our strategic goals is to innovate for security, efficiency, and effectiveness, and the Mobile Passport Control app is a prime example of how we do this,” said Aura Moore, LAWA Deputy Executive Director and Chief Information Officer. “The introduction of the MPC app at LAX is another milestone in our work to enhance the guest experience and deliver a gold-standard airport, without compromising on safety or security. And thanks to the twelve new Wi-Fi access points we’ve installed in the customs area, travelers can be assured the infrastructure is in place to support this new tool.”

The process is efficient and secure, the information and answers to inspection-related questions are submitted directly to CBP via secure encryption protocols. The App streamlines the traveler inspection process and enables CBP officers to focus more on the inspection and less on administrative functions.

Information about Mobile Passport Control, including how to download the app, user eligibility and other frequently asked questions, is available on CBP.gov.
CBP’s website offers rules and tips for clearing CBP inspection during travel to and from the United States.

By CBP: September 21, 2017

Celebrating National Travel and Tourism Week

AICC Business, Event, Home, Travel

The following is a cross-post from Tradeology, the official blog of the International Trade Administration (ITA)

National Travel and Tourism Week (NTTW), now in its 34th year, is the annual salute to travel and tourism in America. During the first full week in May, communities across our nation unite to showcase the impact of travel to policymakers, business leaders and local media with rallies, events and other activities.

While the industry is focused on celebrating this week, the National Travel and Tourism Office (NTTO), U.S. Foreign and Commercial Service offices around the globe, National Oceanic and Atmospheric Administration (NOAA), federal agencies responsible for the United States’ public and Native American lands (Interior, Agriculture, Forest Service, Bureau of Indian Affairs, Bureau of Land Management, etc.), and the Departments of State and Homeland Security are working together to put our best face forward when the world’s largest travel trade show, IPW, comes to Washington.

For the first time in its 49-year history, the U.S. Travel Association is bringing its premiere trade show, IPW, formerly known as the Discover America International Pow Wow, to the nation’s capital.

In just three days of intensive pre-scheduled business appointments, more than 1,000 U.S. travel organizations from every region of the USA (representing all industry category components), and nearly 1,200 international and domestic buyers from more than 70 countries, conduct business negotiations that will generate more than $4.7 billion in future travel to the United States.

Given that travel and tourism is the United States’ largest services export and represented a $246.2 billion dollar infusion into the nation’s economy in 2015, the federal partners are pleased to have IPW in our backyard. In addition to providing the world’s U.S. travel goods and services buyers and the international media with an “up close and personal” look at all there is to see and do here in the nation’s capital, having IPW in Washington will also give U.S. Travel the opportunity to showcase the importance of the travel and tourism industry to our national elected officials.

America’s travel and tourism industry is on the rise. Representing $1.6 trillion in economic activity annually, this sector of our economy supports more than 7.9 million U.S. jobs, 1.2 million of which are directly attributable to international inbound travel – read exports. More people are employed by travel and tourism-related industries than are employed collectively in the construction industry, finance and insurance industries, agriculture, and education.

The federal partners are building new itineraries that will feature our national marine sanctuaries, wildlife refuges, lesser-known national parks, scenic byways and other federal properties. In addition, Commercial Service officers will meet with U.S. sellers, offering export assistance, and with international buyers, offering connections between them and U.S. sellers. The Department of Homeland Security will be taking appointments for enrollment in its trusted traveler programs and Native American tribal representatives and the Bureau of Indian Affairs will meet with international buyers to educate them about the tremendous product available on our Native Lands.

International travelers visit the United States to see big cities like New York, where you can ride a ferry to the Statue of Liberty, take a walk through Central Park and enjoy a Broadway show, all in one day.

People come to America to hike the California Coast, where you can find bonsai trees living in the shadows of the giant redwoods, a phenomenon that does not exist anywhere else on the planet.

People come to America to see some of the best art and culture in the world, from the globally renowned art collection at the Chicago Institute of Art to the back lots of Hollywood to the Crystal Bridges Art Museum in Bentonville, Ark., one of the hottest new museums in the country.

Our country’s diverse array of uniquely American experiences can stand up to any destination anywhere in the world, but we cannot take either our experiences or our visitors for granted. We must stay focused on maintaining a welcoming presence to the international buyer community and we believe a strong presence at IPW is one great way to accomplish that.

For more information on National Travel and Tourism Week, go to: https://www.ustravel.org/toolkit/national-travel-and-tourism-week

U.S.-CHINA TOURISM YEAR 2016

AICC Business, Event, News and Press, Trade, Transportation, Travel

Kelly Craighead is the Deputy Assistant Secretary for Travel and Tourism and Executive Director for the National Travel and Tourism Office.

Not only an important trading partner, China is a critically important travel and tourism market for the United States. It plays an enormous role in our ability to reach the U.S. Department of Commerce’s National Travel and Tourism Strategy’s goal of welcoming 100 million international visitors annually to the United States by 2021.

Travel from China to the United States continues to show double-digit growth, with 2.6 million Chinese travelers visiting the United States in 2015 – an 18 percent growth over the previous year. Last year, these visitors spent a record $30.1 billion experiencing the United States, positioning China as the United States’ top spending market abroad in terms of travel and tourism exports.

According to the October 2016 National Travel and Tourism Office Forecast for International Travelers, more than 5 million Chinese travelers are expected to visit the United States by 2021 – which would make China the top overseas visitation market.
Recognizing the importance of travel and tourism between the two nations, President Obama and President Xi proclaimed 2016 as the U.S.-China Tourism Year (Tourism Year). The Tourism Year was initiated as an opportunity for both countries to review policies, processes and product offerings to ensure that Chinese visitors to the United States are met with an enjoyable travel experience.

Last week, U.S. Secretary of Commerce Penny Pritzker gave remarks at the U.S.-China Tourism Year closing event. “The Tourism Year was initiated as an opportunity for our countries to take a look at our policies, processes and product offerings to ensure that we can provide Chinese visitors with an enjoyable travel experience,” Pritzker explained

To make the United States a more welcoming destination for Chinese visitors, U.S. Travel and Tourism industry leaders used the Tourism Year to encourage the industry to become “prepared for China.”.

The Department of Commerce had three overarching goals for the Tourism Year:
To provide outreach to the entire nation about the importance of being prepared for Chinese visitors in order to be a competitive destination;

To successfully execute a small number of “signature events;” and

To work closely with industry and across the federal government to encourage efforts to create an enjoyable experience for Chinese visitors from beginning to end.

Signature events completed during the year included the February opening event hosted by Brand USA in Beijing; the 1,000 U.S. visitors to the Great Wall event in March; the China-U.S. Tourism Leadership Summit in September, held in Ningxia; and the closing event held in Washington, D.C. in November.
Here are just a couple of the achievements during this year:

Federal agencies developed new travel itineraries for destinations and activities that speak directly to Chinese interests, including thematic itineraries such as national parks and the great outdoors.

Commercial Service produced a China Travel Resource Guide for use by the U.S. travel and tourism industry interested in Chinese visitation.

The National Park Service is ensuring that Chinese visitors have access to in-language materials and web information at the most visited National Parks.

The State Department maintained progress on visa processing and kept wait times down to less than five days, despite the more than 50 percent increase in applications since the extension of visa validity.

Commerce will continue to work with industry to determine how the government can assist with market access issues in China, and we will continue to push for policy issues to be resolved, including: 1) ensuring there are ample air services to cater to the increasing demand for Chinese travel to the United States; 2) working to open the sale of outbound travel in China to U.S. companies; and 3) ensuring the ability of foreign global distribution services platforms to operate in China.

As our two populations more clearly understand the ties that bind our nations, this will create a multiplier effect for governmental and business ties, and maximize the potential of the most consequential relationship in the world. Deepening those people-to-people ties fundamentally requires travel and tourism, which is why the Tourism Year was so critical.

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

AICC Business, Chinese, News and Press, Trade, Travel

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.