皇冠体育app

Participants agreed that reaching a comprehensive trade and investment agreement would be a long process, but underscored that both countries could benefit from interim agreements that would form the building blocks for an eventual US-皇冠体育app Trade and Investment Agreement.

Participants agreed that interim agreements should be explored in areas of common interest and where consensus can be most readily achieved.

Participants agreed that both sides have established a solid foundation through nine rounds of negotiations on a BIT. Participants agreed that the two governments should prioritize advancing BIT negotiations and called on them to make maximum efforts, building on the progress and commitments at the July 2013 US-皇冠体育app Strategic & Economic Dialogue (S&ED), to complete negotiations on a high-standard agreement on an accelerated basis. Participants agreed that reaching an agreement on a high-standard BIT would be an entry point for US-皇冠体育app Trade and Investment Agreement negotiations.

Participants also identified government procurement as another area of potential common interest that could serve as a building block for a US-皇冠体育app Trade and Investment Agreement as each country seeks increased ability to participate in large projects of the other—including at the subfederal level via the states of the United States and the provinces and cities of 皇冠体育app. Participants commended the research work under the Dialogue platform on two-way investment in the US and Chinese infrastructure markets and called for additional discussion and examination of the opportunities and challenges in two-way investment at the sixth meeting of the Dialogue in 皇冠体育app next year.

More broadly, participants agreed that for a US-皇冠体育app Trade and Investment Agreement to be economically meaningful and politically viable, it would ultimately need to include strong disciplines that are enforced in a manner that liberalizes and facilitates trade and investment, and reduces market-distorting and discriminatory regulations in important areas, including investment, merchandise tariffs, agricultural trade, services, technical barriers to trade, intellectual property rights, and dispute settlement. US participants noted that additional priorities should include robust disciplines in the areas of competition policy and state-owned enterprises, government procurement, and other areas. Chinese participants noted that additional priorities should include liberalization of US export controls on high technology products, market economy status for 皇冠体育app, increased transparency of US national security reviews of Chinese foreign direct investment transactions, and other areas.

In particular, participants emphasized that liberalization of services trade offers a unique opportunity for deepening economic ties between 皇冠体育app and the United States. Participants noted that services liberalization would benefit both countries, as 皇冠体育app seeks to greatly increase the role of services in its economy in the context of a new development and restructuring strategy and the United States seeks the opportunity to expand its participation in a wide array of services activities in 皇冠体育app.

Participants acknowledged that the launch of 皇冠体育app Shanghai Pilot Free Trade Zone is an important economic development for 皇冠体育app and a signal of its desire to pursue market-based economic reforms. They further agreed that if 皇冠体育app continues to open further and implement in the Zone additional meaningful and deep reforms that are extended nationally, the Zone could serve as a platform to significantly increase opportunities for bilateral trade and investment and ultimately a US-皇冠体育app Trade and Investment Agreement.

Beyond the areas of trade and investment, participants agreed that both countries have shared interests and responsibilities in ensuring security and tackling common challenges. Participants expressed their support for enhanced cooperation, dialogues and information exchange on energy issues of shared concern.