The breakthrough reached between the United States and China this week in the talks to expand the product scope of the Information Technology Agreement (ITA) has set the stage for what Geneva sources are saying could be the final push to reach a deal at an expected but still-unannounced round of talks in December.
The Obama administration and U.S. companies are reacting cautiously to an Oct. 29 announcement from China's State Council that it will open up the country's market for electronic payment processing to locally-established foreign companies, a move with implications for a years-long World Trade Organization dispute between the two nations.
The U.S. Food & Drug Administration (FDA) in the near term may decrease port-of-entry inspections of farm-raised seafood from China and increasingly entrust Chinese authorities with verifying that the country's aquaculture exports are free of illegal animal drug residues, according to a senior agency official.
Citrus growers in major producing states like Florida and California are raising alarm over a U.S. Department of Agriculture (USDA) proposal to open the continental United States to imports of citrus fruits from China, warning it could introduce devastating pests to U.S. orchards and invite heavy economic competition from subsidized Chinese farmers.
- At Hong Kong TPR, EU Asks For More Information On Services Talks With Mainland China
- MAPI Paper Says China Trade Surplus Has Grown By 23 Percent Compared To 2013, In Contrast To Rising U.S. Deficit
- AISI Asks Froman, Pritzker To Address Steel Overcapacity, WTO, Currency Issues With China At JCCT
- MOFCOM Says Obama, Xi Reached ITA Breakthrough In Nov. 12 Bilateral Meeting
- China, Australia Conclude Bilateral FTA, Schedule Signature In 2015
- China's State Council Announces It Will Open EPS Market To Foreign Providers, But Does Not Detail Rules
- Commerce Finds Dumping, Subsidization Of Chinese Steel Wire Rod In Final Determination
- Lew Flags Competition Policy As 'Universal Priority' For Structural Reform In Emerging Economies
- Obama, Xi Agree To 'Intensify' Biotech Discussions; Continue Talks On BIT, Export Credit Deal
- Commerce Issues CVD Order On Imports Of Chinese Disinfectant
- ITC Issues Negative Final Injury Determination For Chinese Refrigerant Imports
- APEC Ministers Highlight ITA Expansion, Bali Implementation In Joint Statement
- Commerce Says U.S.-China Deal Increases Term Of Short-Term Tourist, Business Visas To Ten Years
President Obama's state visit to China ended on Tuesday (Nov. 12) with joint pledges to continue talks on a bilateral investment treaty (BIT), a new international deal curbing export credits, and their persisting differences over the use of agricultural biotechnology.
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