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 senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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