Weekly News – More Chinese markets for U.S. goods and services

http://www.universetoday.com/wp-content/uploads/2009/11/us-china.jpgThe U.S.-China Joint Commission on Commerce and Trade (JCCT) mid-year review  updated U.S.-China trade and investment relations on July 27.

Under Secretary of Commerce for International Trade Francisco Sánchez and Deputy United States Trade Representative Demetrios Marantis co-chaired the meeting with Chinese Vice Minister of Commerce Wang Chao.  The two governments reviewed implementation of last year’s commitment; and the U.S. encourages China to open more markets for U.S. goods and services.

China is a critical destination for U.S. manufactured goods and services, as America’s third largest export market, following neighboring Canada and Mexico. Between 2009 and 2011, U.S. goods exports to China grew by nearly 50 percent.

The JCCT, established in 1983, is the main forum for addressing bilateral trade concerns and promoting commercial opportunities between the United States and China.

For more information: USTR, JCCT Mid-year Review

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