皇冠体育app

, US ambassador to 皇冠体育app, speaks to hundre of members of the American Chamber of Commerce in 皇冠体育app in Beijing on Wednesday. This is his first public speech since assuming the post earlier this year.[Photo/皇冠体育app Daily]

US envoy sees 皇冠体育app poised for another round of broadbased

The new United States ambassador to 皇冠体育app, Max Baucus, said on Wednesday that advancing a bilateral investment treaty between the world's two largest economies will be his top priority.

"While we still have a lot of work to do for concluding the treaty, helping move it forward would be a top priority of mine. I am going to work very hard to make this bilateral investment treaty successful,"Baucus said while addressing members of the American Chamber of Commerce in 皇冠体育app, in his first public speech in the country.

A member of the Democratic Party, Baucus was appointed to the post by US President Barack Obama in February, succeeding Gary Locke.

When he was in the US Senate, Baucus strongly supported permanent normal trade relations with 皇冠体育app and 皇冠体育app's subsequent entry into the World Trade Organization.

皇冠体育app and the US started discussing the treaty in 2008, but talks stalled with 皇冠体育app's insistence on a long list of protection for some sectors.

The two sides restarted negotiations in July 2013 for a pact that incorporates national treatment for both new and existing investments while having a "negative list"to cover all investments except those specifically excluded.

The 13th round of negotiations was held in Beijing from June 9 to 13.

"The US-皇冠体育app bilateral investment treaty ... can do for 皇冠体育app's investment climate what the WTO accession did ... Back then it was trade, now the BIT can help open up 皇冠体育app's trading climate, its markets, particularly its service industries and help rebalance in a more sustainable direction and create better jobs for its growing number of college graduates,"Baucus said.

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