New US ambassador in fair trade pledge
Print Edition
NEW US ambassador to China Max Baucus embraced the increasingly intertwined relationship between the two countries yesterday, saying he would push for fair trade.
Meeting with journalists less than 24 hours after arriving in Beijing, Baucus said the US-China relationship is one of the world’s most crucial.
“We simply must get it right,” the former senator from Montana said.
Underscoring opportunities and barriers for US businesses in the China market, Baucus said he wants to promote trade “in a way that is mutually beneficial and ensures a level playing field for American businesses and workers to compete fairly with their Chinese counterparts.”
“I think this is very important,” he said.
Baucus helped steer trade policy with China as chairman of the powerful Senate Finance Committee, taking a firm stance against some of China’s trade practices. He also led 1990’s US efforts to aid China’s admission to the World Trade Organization.
He said the US wants to partner with China in tackling global challenges from cybersecurity to global warming.
Complaints over barriers to competition underpin criticism of America’s massive trade deficit with China, last year a record US$318.4 billion. But many US businesses are thriving in China’s growing consumer market.
Baucus replaces former Washington Governor Gary Locke.
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