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US official upbeat on China trade ties
By Xiao Chen (China Daily)
Updated: 2006-03-22 05:55
SHANGHAI: A senior US trade official said that he is optimistic about Sino-US
trade relations but also realistic about the challenges they face.
"Our economies are growing increasingly interdependent every day. We meet
more frequently with our Chinese counterparts and I believe that both sides
understand the importance of making this relationship work," Deputy US Trade
Representative Karan Bhatia told scholars and students at the Shanghai Institute
of Foreign Trade yesterday.
![Karan Bhatia, deputy U.S. Trade Representative speaks during a speech at the Shanghai Institute of Foreign Trade March 21, 2006. [Reuters]](xin_5303032207199581689410.jpg)
Karan Bhatia, deputy U.S. Trade Representative
speaks during a speech at the Shanghai Institute of Foreign Trade March
21, 2006. [Reuters] | Bhatia is scheduled to go to Beijing today for talks with his Chinese
counterparts ahead of the US-China Joint Commission on Commerce and Trade (JCCT)
meeting to be held in Washington DC early next month.
Bhatia said China deserves credit for making substantial reforms as part of
its WTO commitments; and that US policy must be reoriented to deal with China.
"As mature trading partners, there is a long list of important issues on
which we believe the US and Chinese governments need to make more progress," he
said.
Market access, the protection of intellectual property rights, subsidies and
transparency are some of the main issues, he said.
Bhatia said the Bush administration is committed to
using co-operative bilateral mechanisms such as the JCCT to the fullest extent
possible to resolve bilateral trade and economic issues. But he believes it is
natural for the two countries to have a large number of issues on which they
have differences.
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