asia vital for us trade economy
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Asia vital for U.S. trade, economy

Arab Today, arab today

Arab Today, arab today Asia vital for U.S. trade, economy

Beijing - Xinhua

The role of Asia is "absolutely central" for the American economy and trade in particular, U.S. under secretary of commerce for international trade Francisco Sanchez said here on Tuesday. Leading a delegation of 14 U.S. biotechnology companies to promote trade in Hong Kong, Sanchez told media the Asia-Pacific region is "absolutely critical" to achieving U.S. President Barack Obama's goal of doubling its exports by the end of 2014. According to Sanchez, Trans-Pacific Partnership (TPP) is one of the top trade policy agendas of the U.S. government. TPP is an Asia-Pacific regional trade agreement being negotiated among the United States and eight other partners, namely Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. "TPP should become a platform that stands beyond the nine nations that are currently negotiating it. It should be a platform for other countries in the region to join on," he argued. In order to foster United States-Hong Kong partnerships, Hong Kong Trade Development Council launched in November 2010 the Pacific Bridge Initiative (PBI) which tapped potential markets in Asia, particularly the Chinese mainland. Presenting the Peace through Commerce Award to Fred Lam, executive director of the Hong Kong Trade Development Council for his works to promote PBI, Sanchez commented that "Hong Kong is a great place to do business and a great partner to the United States in commerce and trade." As for the unique role of Hong Kong, Sanchez said the city has become a global beacon for the benefits of free and fair trade, for rule of law, for intellectual property protection and for dynamic, private-sector driven development. In terms of trade protectionism, Sanchez said the U.S. leadership knows well that protectionism will jeopardize trade and economy on the whole. "It is the interest for both the U.S. and China to strive for level playing field," he continued. When asking about the on-going European debt crisis, Sanchez said it is vital not only for Europe but for other countries to understand that the world is highly interconnected in terms of trade and economy. He emphasized that countries should try to create markets and lower trade barriers in order to have more opportunities to engage in trade. The U.S. trade mission delegates were introduced to distributors, public and private buying agents and other potential business partners during their Hong Kong visit. Additionally, one- on-one meetings were arranged with potential agents, distributors, and partners, enabling U.S. companies to position themselves to enter or expand their presence in the region. The delegation visited Beijing last week.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asia vital for us trade economy asia vital for us trade economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asia vital for us trade economy asia vital for us trade economy

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday