US cites progress in trade talks with China

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The United States on Friday said progress had been made on several trade fronts in talks with China, welcoming Beijing’s promise to make a fresh attempt to join a global government procurement deal.

“There was a commitment to provide a revised offer in 2014 to join the World Trade Organization government procurement agreement,” US Trade Representative Michael Froman told reporters at the conclusion of the 24th China-US Joint Commission on Commerce and Trade.

“This offer would be commensurate on the whole with the other GPA members, promising significant opportunities for US companies,” Froman added.

The US and the European Union have pressed for China, the world’s second-largest economy, further increase market access in a range of areas, including government procurement.

Froman said China promised when it joined the WTO to accede to the GPA deal. He added that while there have been negotiations in recent years, Beijing has so far been unable to make a pledge “commensurate with the offers and the openness of other government procurement agreement adherents”.

Besides Froman, Secretary of Commerce Penny Pritzker and Agriculture Secretary Tom Vilsack represented the US side in talks with Chinese Vice Premier Wang Yang and other officials.

Beijing also agreed to enhance the protection and enforcement of trade secrets, remove regulatory hurdles in China’s product testing rules and confirmed that a draft technology localisation policy affecting foreign vehicles would not be implemented, Froman said.

“We also had constructive discussions on services and investment liberalisation that will benefit foreign companies as new markets are opened, and on opening China’s market to high quality us beef exports,” he said.

“These are all an important step forward,” Froman said of the progress cited, adding, however, that “we have more work to do”.

Froman also called the talks “useful” in that they provided a chance for the two sides to have “broad” discussions, including the results of a Major Chinese Communist Party meeting last month that pledged further market and social reforms.

 

 

 

Source : Channel News Asia | December 21, 2013

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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