Key issues over Sino-US pact resolved
Print Edition
TALKS over the China-US bilateral investment treaty (BIT) are nearing completion with most key issues resolved, former Chinese Minister of Commerce Chen Deming said yesterday.
Both sides have agreed in principle to take disputes between the host countries and investors to third-party arbitration at the World Bank, Chen told the Boao Forum for Asia in Hainan Province.
The treaty is vital for free and easy investment, a key aspect of economic vitality, Chen said. The BIT will help Chinese companies invest overseas and fit better in the global value chain.
A total of 24 rounds of talks have been held since negotiations started in 2008. The treaty is expected to boost Sino-US ties after China became the biggest trading partner of the United States last year, with trade volume reaching nearly US$560 billion.
“Sino-US trade has grown large in volume, but bilateral investment is still trudging a muddy path,” said Song Hailiang, president of Shanghai Zhenhua Heavy Industry Co, a heavy-duty equipment maker.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
