Welcome!

News Feed Item

American Business Leaders Identify Actions Needed to Expand US-China Commercial Relationship

The United States and China Should Capitalize on the Progress That Was Made in 2013 With the Bilateral Investment Treaty Negotiations and China's Announced Plans for Economic Reforms to Address Key Commercial Issues

WASHINGTON, DC -- (Marketwired) -- 02/11/14 -- The United States and China have a unique opportunity to capitalize on progress that was made in the commercial relationship in 2013, the leading US-China business association said today. China's efforts to reform its economy and advance bilateral investment treaty negotiations offer an opportunity to benefit each country's economy, companies, employees, farmers, and consumers.

"The US-China Business Council supports a strong, mutually beneficial commercial relationship with China," US-China Business Council (USCBC) Chair and DuPont Chair of the Board and Chief Executive Officer Ellen Kullman said. "Government leaders in Beijing and Washington, DC have an important opportunity to move the commercial relationship forward and address issues hampering economic growth. We encourage the United States and China to capitalize on the progress that was made in 2013 with the bilateral investment treaty negotiations and China's announced plans for economic reforms to address key commercial issues."

USCBC is the leading business organization of American companies doing business with China. Now in its 41st year, the organization supports American companies seeking to expand business opportunities in China to benefit the American economy, businesses, workers, and farmers across the nation.

USCBC's board of directors has issued a Statement of Priorities in the US-China Commercial Relationship for the last three years. The goal of the document is to focus the efforts of both governments on the top priorities for American companies that conduct business with China. Last year's statement received high-level attention from senior leaders in both the US and Chinese governments and many priorities were acted on by both governments.

"USCBC's board has a unique voice with 35 business leaders from some of America's best companies," USCBC President John Frisbie said. "The board is well-versed in the US-China commercial relationship and knows the top issues that need to be addressed to ensure the relationship contributes positively to the US and Chinese economies. That is particularly important now, when boosting economic growth and job creation is so important to both economies."

The report contains 30 specific recommendations that fall under six general categories:

1. Further solidify the foundation for mutually beneficial commercial relations
2. Ensure fair and open investment environments that create jobs
3. Reduce trade barriers and enforce globally accepted trade rules
4. Ensure competitive neutrality and improve transparency
5. Provide consistent, strong intellectual property rights (IPR) protection
6. Adhere to mutually beneficial innovation policies

"The US-China Business Council estimates that China is at least a $300 billion market for American companies and American workers. US exports to China, including manufactured goods, chemicals, electronics, and agriculture products, consistently passes $110 billion annually," Frisbie concluded. "Both governments -- US and China -- need to be involved in order to fully develop commercial ties, tackle unresolved issues, and bring greater benefit to each country's economy, companies, employees, farmers, and consumers. This will require continued high-level engagement on both sides. It is a relationship that only gets bigger and more complex as we move forward. It requires a lot of hard work and is often frustrating. But it is worth the effort."

For the complete 2014 USCBC Board Statement of Priorities, visit: http://uschina.org/reports/priorities-thu-05302013-1325.

The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of roughly 240 American companies that do business with China. Since 1973, USCBC has provided unmatched information, advisory, advocacy, and program services to its membership. Through its offices in Washington, DC; Beijing; and Shanghai, USCBC is uniquely positioned to serve its members' interests in the United States and China.

Contact in Washington, DC:
Marc Ross
Email Contact
O: 202-429-0340
M: 202-596-5270

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.