Washington, D.C. (March 22, 2018) - US-China Business Council president John Frisbie released the following statement on the release of USTR’s report on China’s intellectual property and technology transfer policies:
“USCBC agrees with the Trump administration that China’s technology transfer practices and protection of intellectual property need to be addressed and improved. American business wants to see solutions to these problems, not just sanctions such as unilateral tariffs that may do more harm than good. We urge the two governments to engage in results-oriented dialogue to bring about real, positive change. Doing so would help strengthen the commercial relationship between the world’s two largest economies and ensure that mutually beneficial trade ties remain a source of stability in the overall relationship.
“USCBC provided testimony to USTR last year on the 301 case, focusing on recommended actions that would address the issues under investigation. We will provide our recommendations regarding the Administration’s proposals once the specifics are released, but urge that any actions taken be consistent with the United States’ international obligations.”
The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of roughly 200 American companies that do business with China. For over four and a half decades, 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. Follow activities on its website: https://www.uschina.org/.