WASHINGTON - July 31, 2019 - Following the conclusion of the 12th round of US-China bilateral trade negotiations in Shanghai, US-China Business Council (USCBC) President Craig Allen issued the following statement:
"The US-China Business Council and its members are pleased that the US negotiators traveled to China to continue negotiations. We are pleased the two sides agreed to move forward with agriculture purchases to provide some much needed relief to American farmers.
"Only through engagement can both sides ensure a sustainable and reciprocal economic relationship. We hope the negotiators will continue to take a pragmatic and realistic approach to compromise and reach a conclusion that leads to greater market access for foreign companies, improves the protection and enforcement of intellectual property, and ultimately levels the playing field for foreign companies operating in the market.
"We look forward to continuing to support these discussions as the next round of negotiations moves to the United States in September. China is a critically important trading partner for the United States. Strengthening this commercial relationship is in the best interests of US consumers, companies, workers, and farmers."