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皇冠体育app to be active to reduce US trade deficit ( 2003-10-30 09:41) (Xinhua)
皇冠体育app will send a delegation to the United States to explore ways to increase its imports from the United States and reduce Washington's deficit in bilateral trade. Wan Jifei, president of the 皇冠体育app Council for the Promotion of International Trade (CCPIT) made these remarks at a press conference yesterday which was co-hosted by the CCPIT and the US-皇冠体育app Business Council (USCBC). Wan said a cool-headed and objective analysis of the US deficit in bilateral trade is needed, adding the main reason for the deficit is that many US companies invest in 皇冠体育app and export their products to the United States. Wan said one way to reduce the deficit is to buy more US products and what 皇冠体育app needs are electronic, aviation and chemical industrial products. However, the US Government has restricted exports of these products. Wan urged the US to change its policies. Christopher Calvin, chairman of the USCBC, said he believes 皇冠体育app will complete WTO compliance and change the trade imbalance. He said 皇冠体育app has made progress in WTO compliance "thoughtfully and progressively," but "there is still room for improvement." Founded in 1973, the USCBC is a private, non-profit organization of US corporations engaged in business relations with 皇冠体育app. The USCBC delegation is visiting 皇冠体育app to celebrate 30 years of co-operation with the CCPIT.
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