China is determined to arrive at a high-standard Bilateral Investment Treaty (BIT) that will benefit US industry as soon as possible, said Li Chenggang, director-general of China’s Ministry of Commerce’s (MOFCOM) Treaty and Law Department and China’s lead BIT negotiator, at a USCBC luncheon program February 25 in Washi
China Market Intelligence
The following is adapted from a note from USCBC President John Frisbie to the USCBC board of directors
US companies conducting government affairs (GA) in China face a wide range of challenges in interacting with government regulators and policy stakeholders.
Suspending problematic policies that restrict US companies’ ability to sell information technology (IT) products in the China market, eliminating proposed regulations that would disadvantage foreign companies operating in certain industries, and enforcing the Antimonopoly Law (AML) fairly against both domestic and foreign companies: these are just some of the US-China Business Council’s (USCBC)
China’s lead food and health safety regulator, the China Food and Drug Administration (CFDA), will focus on continued restructuring and increased enforcement efforts in 2015, according to statements made to the US-China Business Council (USCBC). USCBC led a group of eight companies in a roundtable discussion with Director General Yuan Lin of the CFDA in Beijing on December 5.
The elimination of joint venture restrictions and removal of “prohibited” and “restricted” labels for foreign investment in key sectors in the new draft Catalogue Guiding Foreign Investment (CGFI) mark progress for US companies in some sectors in China.
Preparations are underway for a bilateral meeting between Presidents Barack Obama and Xi Jinping in Beijing immediately following the APEC CEO Summit in November. This will be the second official bilateral meeting of the two leaders, following their 2013 meeting in Sunnylands, California.