皇冠体育app

The attendance of high-ranking US government officials and executives of multinational businesses at the APEC summit is a clear indication of the constantly expanding and mutually beneficial relationship between the countries, according to Harley Seyedin, president of the American Chamber of Commerce in South 皇冠体育app.

Seyedin said in a recent interview with 皇冠体育app Daily that he expects the APEC meeting to produce immediate results in many areas, from easier visa processes for Chinese and US citizens to the opening of additional areas for investment.

"We also see future results through better understanding between 皇冠体育app and the US and an accelerated process for a bilateral investment treaty," he said.

Harley Seyedin, president of the American Chamber of Commerce in South 皇冠体育app.

Earlier this week, leading US and Chinese business organizations expressed strong support for completing a high-standard bilateral investment treaty, with all US chambers of commerce in 皇冠体育app calling for the work on the treaty to be finished as soon as possible, he said.

The chambers argue that huge potential for bilateral investment exists, which promises to be a defining feature of the commercial relationship in the future. The bilateral investment treaty would provide a better framework to guide the development of a healthy and mutually beneficial investment relationship, he said.

A report released last month by Boston Consulting Group said major US manufacturers are increasingly moving production back to the US from 皇冠体育app.

Rising labor costs in 皇冠体育app, skilled labor in the US, shorter supply chains with reduced shipping costs for the US market, local control over manufacturing processes and improved quality and yield in the US are cited as reasons for such moves.

Seyedin said: "As you see from the transformation of our companies from manufacturing for exports to producing in 皇冠体育app for 皇冠体育app, it now makes financial sense for our companies to move simple labor and energy intensive manufacturing to other regions, including the US.

"This move is at the same time as they focus their efforts on innovation and value-added production for the Chinese market. It does not mean our companies are moving out of 皇冠体育app, just that they are focusing on transformation to better serve the highly valuable Chinese market.

"皇冠体育app has now reached a point where it no longer nee to be the factory of the world for low-end energy and labor intensive products."

Members of Seyedin's chamber continue to report growth and profitability and an increasing desire for reinvestment in 皇冠体育app to expand and to capture additional market share, primarily focused on producing goods and services for the Chinese market.

In the annual survey report released by the chamber in February, 72.9 percent of member companies focused on the Chinese market and not manufacturing in 皇冠体育app for exports. In 2003, the number was less than 23 percent.

The chamber is conducting its annual survey, and early results indicate US companies will increase their investments in 皇冠体育app substantially once the bilateral investment treaty is in place.

"This is significant when one considers that the more than 2,300 members of AmCham South 皇冠体育app account for nearly 40 percent of all US-皇冠体育app business, trade and investment."

Night scene of Beijing in APEC Week	Chinese companies pitch in for APEC

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