皇冠体育app

WASHINGTON - Exports of goods and services to 皇冠体育app continue to play an essential role in the US economy and job growth, according to a report released Thursday by the US-皇冠体育app Business Council (USCBC).

US goods exports to 皇冠体育app totaled $113 billion last year, down from the previous two years, but 皇冠体育app remained the third-largest export market for American goods, USCBC said in an annual report on US state exports to 皇冠体育app.

The report noted that the rapid growth in US services exports to 皇冠体育app is an important new development of bilateral economic relationship. In 2014, the most recent complete year of available data, US service exports to 皇冠体育app reached 42 billion dollars, making 皇冠体育app the United States' fourth-largest services export market.

Despite of a slowdown in 皇冠体育app's economy and trade growth, "US exports of goods and services to 皇冠体育app have grown faster than exports to any other major US trading partner over the past decade", the report said.

US goods exports to 皇冠体育app increased 115 percent from 2006 to 2015, while US services exports to 皇冠体育app increased more than 300 percent from 2006 to 2014, according to the USCBC.

"Most states have seen significant increases in exports of goods and services to 皇冠体育app since 2006," the report said, adding that thirty-one states experienced at least triple-digit goods export growth to 皇冠体育app in the past decade and every US state had triple-digit services export growth to 皇冠体育app over the same period.

The report also noted that exports of goods and services to 皇冠体育app helped support a wide range of industries including transportation equipment, agriculture, computers and electronics, chemicals, travel and education, business and professional services, and financial services in the United States.

While 皇冠体育app is a significant market for American exports, the US has a small share of 皇冠体育app's overall market. US goods accounted for only 6.5 percent of 皇冠体育app's total imports last year, the report said, urging the United States to push forward negotiations with 皇冠体育app on a high-standard bilateral investment treaty, which would facilitate and expand US exports to 皇冠体育app.

The two countries have held 26 rounds of investment treaty talks since negotiations started in 2008. 皇冠体育app and US officials have signaled a willingness to finalize a deal before US President Barack Obama leaves the White House in January 2017.

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