SED acts as stabilizer to spark 'positive results'
By Wang Yanlin |
May 25, 2010, Tuesday
|
Print Edition
Print Edition
THE ongoing Strategic and Economic Dialogue between the United States and China is a stabilizing mechanism that will produce "positive" results to improve bilateral relations, Thomas J. Donohue, president and CEO of the US Chamber of Commerce, said in Shanghai yesterday.
Donohue also called on the US to reform the export control regime and prevent protectionism to boost bilateral trade. He hoped the Chinese government will continue to fight against violation of intellectual property rights, and should explain more thoroughly its indigenous innovation policy to clear misunderstanding among some American firms.
"All trading relationships of this size, importance, complexity, and interdependence will have frictions," Donohue said. "We can deal with those. But what is most critical is that Washington and Beijing never waver in their commitment to open markets, and the free exchange of goods, services, products, ideas, capital, and people."
The trade issue, working together to secure global economic recovery, easing regional tensions and addressing climate change are on the agenda of the two-day bilateral SED which ends today in Beijing.
The two countries have seen a spike in trade disputes between them, which threaten the overall good US-China trade relationship. Other competitors like the European Union and Canada see the spats as opportunities to muscle in and sell their products and causing the US to lose market share and jobs, Donohue said.
He said the Obama administration and Congress are "under tremendous pressure by unions on the trade issue" but he called for policy makers and the public to understand that trade with China is important.
"We will continue to oppose protectionism in all its forms at home and abroad, and believe the US market should be open to Chinese products, investments and people," he said.
Last week, US Commerce Secretary Gary Locke said in Shanghai that Washington's imposition of anti-dumping and countervailing duties on Chinese products was not protectionism, and the amount of products affected by the tariffs only made up 3 percent of total American imports from China last year.
American firms were more concerned that "there is not enough transparency" as they didn't know what the rules were, how they would be enforced or how decisions were made, Locke said.
Donohue said some American enterprises are worried about their future in China because they want a level playing field and no discrimination in the Chinese government procurement schemes.
Donohue also called on the US to reform the export control regime and prevent protectionism to boost bilateral trade. He hoped the Chinese government will continue to fight against violation of intellectual property rights, and should explain more thoroughly its indigenous innovation policy to clear misunderstanding among some American firms.
"All trading relationships of this size, importance, complexity, and interdependence will have frictions," Donohue said. "We can deal with those. But what is most critical is that Washington and Beijing never waver in their commitment to open markets, and the free exchange of goods, services, products, ideas, capital, and people."
The trade issue, working together to secure global economic recovery, easing regional tensions and addressing climate change are on the agenda of the two-day bilateral SED which ends today in Beijing.
The two countries have seen a spike in trade disputes between them, which threaten the overall good US-China trade relationship. Other competitors like the European Union and Canada see the spats as opportunities to muscle in and sell their products and causing the US to lose market share and jobs, Donohue said.
He said the Obama administration and Congress are "under tremendous pressure by unions on the trade issue" but he called for policy makers and the public to understand that trade with China is important.
"We will continue to oppose protectionism in all its forms at home and abroad, and believe the US market should be open to Chinese products, investments and people," he said.
Last week, US Commerce Secretary Gary Locke said in Shanghai that Washington's imposition of anti-dumping and countervailing duties on Chinese products was not protectionism, and the amount of products affected by the tariffs only made up 3 percent of total American imports from China last year.
American firms were more concerned that "there is not enough transparency" as they didn't know what the rules were, how they would be enforced or how decisions were made, Locke said.
Donohue said some American enterprises are worried about their future in China because they want a level playing field and no discrimination in the Chinese government procurement schemes.
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