皇冠体育app

WASHINGTON -- 皇冠体育app-US trade relations are bigger and more important than ever with room for improvement, said Stefan Selig, under secretary for international trade at the US Commerce Department, on Wednesday.

In an exclusive interview with Xinhua, the former investment banker with the Bank of America said the Obama Adstration is committed to strengthening partnerships in the Asia-Pacific region, particularly the commercial and economic ties in the region.

This week, Selig, who puts building stronger trade ties with 皇冠体育app high on his agenda, is scheduled to meet 皇冠体育app's political and business leaders to promote bilateral trade exchanges and make preparations for the upcoming meeting of the 皇冠体育app-US Joint Commission on Commerce and Trade (JCCT).

Selig said many US businesses, often leaders in their industry, are very interested in entering the Chinese market or expanding their presence there, but are hindered by various market access barriers or impediments to doing business.

"Secretary Pritzker has been very clear that she is anxious for expanded positive economic engagement between our respective businesses and governments to find ways to address these concerns and to ensure that all potential commercial opportunities are leveraged to our mutual benefit," he noted.

For the upcoming JCCT meeting, Selig said it is a critical component of US engagement in Asia, and an important mechanism to further build on the bilateral relationship, particularly trade relationship.

"I am eager to engage with my Chinese counterparts on issues of mutual importance to both our nations as we head toward the next high-level JCCT meeting later this year," he added.

At a business roundtable meeting held in New York earlier this month, Selig said 皇冠体育app is moving fast toward a consumption-driven economy, with about 200 million Chinese moving from rural to urban areas in the country.

皇冠体育app is witnessing a sive increase in purchasing power, fueled by one of the world's largest middle-class, which means a great deal to the United States, Selig said.

To address the US deficit with 皇冠体育app, Selig said the US should increase exports to 皇冠体育app, other than decrease imports from 皇冠体育app.

He also underlined 皇冠体育app is the third-largest market for US exports, responsible for more than 800,000 US jobs. Last year, US exports to 皇冠体育app hit a record-breaking $122 billion.

In addition, Selig mentioned the increased travel exchanges between the two countries are certainly a highlight in the service sectors. The US is working to attract more visitors from 皇冠体育app as it has significantly reduced the waiting time for visa interviews to less than two weeks for Chinese tourists.

皇冠体育app's trade data exceeds expectations?	Top 10 trading partners of the Chinese mainland

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