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A coalition of 18 U.S. and international business groups are pressing the China Banking Regulatory Commission (CBRC) to overhaul a proposed regulation that would require foreign technology companies to incorporate China-developed encryption algorithms and security mechanisms if they supply Chinese financial institutions.

World Trade Organization members negotiating to expand the Information Technology Agreement (ITA) this week in Geneva are pushing back on China's demands that it be allowed to phase out tariffs over the longest possible timeframe for roughly 40 percent of the IT products being considered in the expansion talks.

President Obama and Chinese President Xi Jinping on Friday (Sept. 25) committed that neither government will participate in or endorse the cybertheft of commercial trade secrets and pledged to “intensify” negotiations for a U.S.-China Bilateral Investment Treaty (BIT), but stopped short of announcing a goal for the agreement's conclusion.

Countries participating in talks to expand the Information Technology Agreement (ITA) are struggling to finalize a deal in part because China is fighting for long phaseout periods to eliminate tariffs on certain sensitive products covered by the draft agreement, according to World Trade Organization Director-General Roberto Azevedo.

Chinese President Xi Jinping in an address to business leaders in Seattle signaled he is willing to work with the U.S. on the issue of cybertheft, a topic that President Obama and other senior administration officials have said will be a key part of the agenda at this week's state visit. But Xi signaled he has little interest in taking up U.S. complaints that Chinese technology laws and regulations discriminate against U.S. firms by stating that China treats foreign firms fairly according to international norms.