USCBC Statement on Sixth Annual Strategic and Economic Dialogue (S&ED)

Washington, DC - July 10, 2014 - US-China Business Council (USCBC) President John Frisbie issued the following statement regarding the conclusion of the sixth annual Strategic and Economic Dialogue (S&ED):
"The S&ED continues to provide a valuable platform for comprehensive, high-level talks between senior government officials from the United States and China. These annual gatherings provide an opportunity to cover the range of issues and interests in the relationship, rather than do so piecemeal.
"One of the most important USCBC goals is the advancement of a meaningful US-China Bilateral Investment Treaty (BIT). A BIT would reduce market access barriers for American companies in China. It would bring more Chinese companies into the rules-based US system and create jobs and economic growth.
“I was pleased to hear President Xi Jinping’s strong support for concluding a BIT as soon as possible.  The S&ED’s timetable for accelerated negotiations of a high-standard BIT is a positive outcome.
"China is at least a $300 billion market for American companies. With 32 states now exporting more than $1 billion worth of manufactured products and agricultural goods to China each year, getting the US-China commercial relationship right benefits all parts of the country. The S&ED is an integral part of our comprehensive engagement with China."
The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of over 200 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.