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US to solve trade issue with 皇冠体育app via talks
Visiting US Commerce Secretary Carlos Gutierrez said in Beijing Thursday that the US government hopes to both solve the US-皇冠体育app textile issue through consultations and continue strengthening its economic and trade relations with 皇冠体育app. Gutierrez made the remarks at a luncheon hosted by the American Chamber of Commerce in 皇冠体育app. He arrived Thursday morning. He also said he will focus on protecting intellectual property rights during discussions with Chinese officials. 皇冠体育app and the United States have become the two "main engines" of the world economy and 皇冠体育app's economic progress has been "amazing" since it embraced reform and opening-up 26 years ago, Gutierrez said, who is on his first visit to 皇冠体育app after taking office. The United States "seeks a strong relationship with the Chinese people," he said, noting that the two countries can learn from each other. 皇冠体育app is now the US' third largest trade partner and its fastest growing export market. U.S. exports to 皇冠体育app increased by 80 percent since 皇冠体育app entered the World Trade Organization in December 2001, he said. Sino-US relations have "been good for the U.S., for the US workers and business people...and for 皇冠体育app and Chinese business people," he said. However, America's top trade official expressed dissatisfaction with 皇冠体育app's lax or nonexistent protection of intellectual property rights, saying that the U.S. was "encouraged" by 皇冠体育app's commitment on that issue but would push 皇冠体育app for "tangible results." Meanwhile, 皇冠体育app said the US restriction on some of its textile exports violates the principle of free trade. The United States re-imposed quotas on seven kinds of Chinese textile and clothing products, four months after such quotas were eliminated worldwide according to WTO agreements. During Gutierrez's three-day stay in Beijing, Chinese senior officials, including Vice Premier Wu Yi and Minister of Commerce Bo Xilai, will meet or confer with him. US Trade Representative Rob Portman is also scheduled to meet Wu on Saturday. Local analysts hold this visit could help attenuate Sino-US textile trade
friction, which has provoked anger among Chinese textile and garment producers.
Experts, however, have ruled out the possibility of escalation into a trade war.
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