S ED JCCT Meetings

Closing Session Remarks For The Seventh U.S.-China Strategic & Economic Dialogue

Reactions:
U.S. Chamber Of Commerce

Previously Posted:
U.S., China Agree To Exchange New BIT Negative Lists By September


As key trading partners and the world’s two largest economies, the United States and China share a mutual interest in promoting economic prosperity, both nationally and globally, through cooperative and constructive bilateral engagement under the auspices of the JCCT.  During the 27th meeting of the JCCT, the two sides focused on ensuring the fulsome implementation of past JCCT commitments and also announced further concrete commitments to promote open trade and investment.


U.S., China at JCCT signal lack of progress on biotechnology approval process

U.S. Trade Representative Michael Froman and China's Vice Premier for State Council Wang Yang signaled that little progress has been made on expediting China's biotech approval system, in Nov. 22 remarks on the margins of the U.S.-China Joint Commission on Commerce and Trade meeting in Washington, DC. China's approval system for biotech products has long drawn the ire of the U.S. government and industry for being unpredictable and untimely. Last week, 37 senators sent a letter to President Obama requesting...

Trump taps China hardliner for USTR landing team as JCCT begins

Dan DiMicco, former CEO of steelmaker Nucor and proponent of imposing high tariffs on China over dumping of steel and other materials, has been tasked by the Trump transition team to co-lead the so-called “landing team” for the Office of the U.S. Trade Representative, while members of the Obama administration and officials from China this week kick off the Joint Commission on Commerce and Trade. Alongside DiMicco in leading the landing team for USTR is Robert Lighthizer, currently a partner...

Washington, D.C. – U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman will host a high-level Government of China delegation for the 27th session of the U.S.-China Joint Commission on Commerce and Trade (JCCT), November 21-23, in Washington. U.S. Secretary of Agriculture Tom Vilsack will also take part in the dialogue to address key agricultural trade issues between the two countries. Vice Premier of the State Council Wang Yang will lead the Chinese delegation.


Treasury Blog Post

Previously Posted:
At S&ED, China Agrees To Address Steel Overcapacity At OECD, No Common Understanding On Aluminum


At S&ED, U.S. Pledges Action On Chinese Chicken Imports, China Moves On E-Pay Regulations

At this week's Strategic & Economic Dialogue, the U.S. pledged to work toward opening its market to allow imports of cooked Chinese poultry, which would result in an expansion of China's right to ship poultry products from chicken originating in the U.S., Canada and Chile. Canada and Chile are countries whose food safety inspections systems the U.S. considers to provide equivalent protection to its own. “The United States commits to implementing the consensus reached at the previous S&ED and has...

Congressional Trade Leaders Call For U.S. To Raise Draft Pharma Pricing Regulation At S&ED

Congressional trade committee leaders last week called on the administration to raise at the Strategic & Economic Dialogue with China a draft policy change being floated by the Chinese Food and Drug Administration that could compel pharmaceutical companies to establish a price for drugs before they can be approved for the Chinese market. The draft change was floated informally by the Chinese government in April. “[T]he Chinese Food and Drug Administration reportedly is considering a change in policy that would...

China Fails To Engage On Aluminum Overcapacity At S&ED, Pledges Steel Action

The United States and China failed to find a “common understanding” on the problem of excess capacity in the global aluminum sector at this week's Strategic & Economic Dialogue, but discussions on the issue will continue, according to Treasury Secretary Jack Lew. China is a major source of the global overcapacity in aluminum as it is for steel, for which it pledged to make its industry more market oriented. This will serve to reduce excess capacity by closing unprofitable enterprises...

Pages

Not a subscriber? Request 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Trump administration.