Arab Today, arab today us officials see progress in china trade talks
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

US officials see progress in China trade talks

Arab Today, arab today

Arab Today, arab today US officials see progress in China trade talks

United States and China flags
Washington - AFP

The United States and China wrapped up high-level trade talks in Chicago, with US officials hailing progress in a range of areas including medicines, intellectual property rights and agriculture.
Secretary of Commerce Penny Pritzker said the two sides had "very productive" talks in the annual high-level forum aimed at addressing bilateral trade and investment issues between the world's two largest economies.
At a post-meeting news conference, Pritzker acknowledged that the US side did not get everything it wanted, saying "not all outcomes are perfect," but she said the 25th US-China Joint Commission on Commerce and Trade reflected "renewed spirit and effort."
Representing the US side with Pritzker at the JCCT was the top US trade envoy, US Trade Representative Michael Froman. The Chinese delegation was headed by Chinese Vice Premier Wang Yang.
Pritzker highlighted China's agreement to ease access for imports of US pharmaceutical and medical devices. She said China agreed to streamline the regulatory process, cut red tape on imports and "deal with the backlog."
The agreement should lead to increases in exports and jobs in both US sectors, she said. The pharmaceutical sector employs 810,000 people and currently has $1.2 billion in exports to China.
The medical device industry supports 1.9 million US jobs and has $2.7 billion worth of exports to the world's second-largest economy.
"We think our pharmaceutical and medical devices outcome is very significant," Pritzker said.
Private US and Chinese businesses participated in the forum for the first time, in what Pritzker called a "reimagined" JCCT that she said helped drive results.
The commerce secretary noted strides made with China on anti-competition and monopoly law issues, saying the US was "pleased with the progress we made."
China agreed to publish results of administrative proceedings and, "under normal circumstances," allow US firms to have counsel present and confer with them during a proceeding, she said.
Among other areas where agreements were reached were a mutual commitment to treat intellectual property the same, steps to combat unregulated fishing, and an easing of requirements on US agriculture imports to China that will particularly benefit corn and soybean farmers, officials said.
There were no details about the agreements immediately available from the Commerce Department.

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*

Arab Today, arab today us officials see progress in china trade talks Arab Today, arab today us officials see progress in china trade talks

 



Arab Today, arab today

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*

Arab Today, arab today us officials see progress in china trade talks Arab Today, arab today us officials see progress in china trade talks

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday