US Industry Welcomes Trade Meeting on US-China Commercial Relations

U.S. Secretary of Commerce, Penny Pritzker, Ambassador Max Baucus Join U.S. – China Trade Celebration Event Organized by USCBC and AmCham South China

WASHINGTON, DC – Today, the US-China Business Council (USCBC) and the American Chamber of Commerce in South China (AmCham South China) issued the following statement at the start of the 26th US-China Joint Commission on Commerce and Trade (JCCT).

"American companies value the high-level engagement that meetings like the JCCT provide,” USCBC President John Frisbie said. “These meetings are a core part of consistent, year-round engagement between US and Chinese government leaders and are one of the principal vehicles for addressing specific commercial issues in the US-China relationship. The meetings today and tomorrow are particularly timely, since this is the first official opportunity to follow up on the outcomes of President Xi Jinping’s state visit to the United States in September. We look forward to further progress key issues for American companies doing business in China.”

Top priorities for USCBC member companies include negotiating a high-standard US-China bilateral investment treaty; strengthening intellectual property protection; addressing discriminatory licensing barriers and technology preferences that favor Chinese companies versus American companies; improving regulatory transparency; further improving China’s competition policy regime; and opening China’s financial, legal, and other services sectors to American service providers.

Harley Seyedin, President of the American Chamber of Commerce in South China said, “The fact that the 26th JCCT is being held in Guangzhou for the first time signifies the importance of massive contributions that more than 2,300 members of the AmCham South China have made to the development of China. AmCham South China is celebrating its 20th anniversary this year.

On the eve of the JCCT meetings, U.S. Secretary of Commerce, Penny Pritzker and Ambassador Max Baucus joined an event organized by AmCham South China and USCBC, in conjunction with the American Chamber of Commerce in Shanghai and the American Chamber of Commerce in China. The event, entitled “Celebration of U.S. – China Trade,” hosted a gathering of American companies doing business in China. This event in Guangzhou was highlighted by contract signings by the Pan Pacific Energy Company and Jovo Chemical Company; the US Smart Cities Alliance and Sichuan Provincial People's Government; and Aquatech and China Coal Group. The agreements cover cooperative work in clean methanol manufacturing, water purification, and smart city development. U.S. Under Secretary of Commerce for International Trade, Stefan M. Selig, and Deputy Assistant Secretary for China within the International Trade Administration, Patrick Santillo also witnessed the siginings.

Also on November 22, USCBC, the US-China Agriculture and Food Partnership (AFP) and the China Council for the Promotion of International Trade (CCPIT) hosted the US-China Agriculture and Food Conference, focusing on cooperation between American and Chinese companies on safe and reliable food changes and food trade. AmCham South China and AmCham China also supported the program. The event featured presentations by companies from both countries on the work they are doing to advance food safety in all aspects of the food chain.