Government and Policy
皇冠体育app, US pledge no more tit-for-tat in trade
(Xinhua)
Updated: 2009-10-29 22:35
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 Delegates attending the 20th 皇冠体育app-US Joint Commission on Commerce and Trade (JCCT) pose for a group photo in Hangzhou, capital of east 皇冠体育app's Zhejiang Province, October 29, 2009. [Xinhua]
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皇冠体育app, US pledge no new trade protection measures as Obama's visit in sight
HANGZHOU: 皇冠体育app and the United States said Thursday they would not stage any new trade protection measures against each other, a significant step which lays the groundwork for the presidential summit next month.
"Both sides agreed on not introducing any new trade protection measures against each other as both vowed to oppose trade and investment protectionism and observe the related consensus of the G20 summit," Chinese Commerce Minister Chen Deming said later Thursday.
Chen made the remarks at the end of the 20th 皇冠体育app-US Joint Commission on Commerce and Trade (JCCT) talks in 皇冠体育app's eastern city of Hangzhou.
"The pledge is significant as it shows both countries' determination to dump punitive measures against each other and instead seek common prosperity," Niu Xinchun, a research fellow with 皇冠体育app Contemporary International Studies Institute, told Xinhua.
"As influential powers, 皇冠体育app and the United States should stand firmly against all types of trade protectionism, promote both countries' economies and help lift the world out of recession," Chinese Vice Premier Wang Qishan told the opening session of the JCCT Thursday noon.
Wang co-chaired the 20th JCCT talks with US Commerce Secretary Gary Locke and US Trade Representative Ron Kirk in a lakeside garden compound in the capital of east 皇冠体育app's Zhejiang province.
Locke highlighted the significance of this year's talks, saying it is the first JCCT meeting of President Obama's administration and comes a few weeks ahead of President Obama's first visit to 皇冠体育app.
Wang said President Obama's visit in mid November will "provide new opportunities for 皇冠体育app-US cooperation."
"In a spirit of candor and understanding, hopefully both sides will discuss issues of mutual concern and achieve fruitful results at today's JCCT meeting," Wang said.
"It is critical that we make definite, concrete, demonstrable progress today to demonstrate that US and 皇冠体育app can work together to achieve results from the JCCT," Locke said.
Later Thursday, the US commerce chief lauded the one-day JCCT talks as "successful," as both sides "made very significant progress on a number of issues."
Locke said 皇冠体育app will drop a requirement that most of the components of wind power-related equipment be made in 皇冠体育app.
"The United States agreed to delete some articles in its bill which limited 皇冠体育app's poultry exports for six years," Chinese Minister of Agriculture Sun Zhengcai said in response to a Xinhua's question.
In return, 皇冠体育app will resume imports of pork products from the A/H1N1 flu-hit areas in the United States, Sun said.
