USCBC Board Urges Progress to Expand US-China Commercial Relationship

Board Priorities Statement raises four major goals

FOR IMMEDIATE RELEASE

Contact in Washington, DC: Lesley Lopez ([email protected]); O: 202-429-0340

WASHINGTON, D.C.: On January 20, 2016, the US-China Business Council (USCBC) released a statement of priority actions needed to continue building a strong, mutually beneficial commercial relationship between the United States and China. The goal of the statement – the fifth issued by USCBC’s board – is to focus the efforts of both governments on the top priorities for American companies that conduct business with China.

With the backdrop of global attention on China’s economy and the presidential election in the US, this year’s statement is even timelier. Several of the issues raised in previous statements have seen progress during the past year, such as during President Xi Jinping’s successful state visit to the United States. At the same time, progress remains insufficient on other critical issues, including several new concerns that have recently developed.

Mark Fields, president and chief executive officer, Ford Motor Company and Chair of the US-China Business Council, said: “Success in meeting the global challenges of today depends greatly on how the U.S. and China come together in support of common goals.  We look forward to working with both governments to advance these policy priorities.”

Earlier today USCBC President John Frisbie led a press call to discuss the priorities. Link to audio available here.

In his remarks, Frisbie said, “USCBC calls upon both governments to achieve tangible progress in the coming year through working closely with the business community and addressing these priority issues. American business leaders are making a clear, unequivocal statement about what steps are needed and are looking for government leadership to focus on efforts that will yield real benefits for the economy.”

These priorities are grouped under four major goals:

·         Further Solidify the Foundation for Mutually Beneficial Commercial Relations

·         Reduce Trade Barriers and Enforce Globally Accepted Trade Rules

·         Ensure Competitive Neutrality and Improve Transparency

·         Strengthen Intellectual Property Rights (IPR) Protection and Adhere to Mutually Beneficial Innovation Policies

 

The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of roughly 220 American companies that do business with China. For over four 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.

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