JCCT to Guide Improved U.S.-China Trade Relations, say U.S. Trade Officials
The U.S.-China Joint Commission on Commerce and trade (JCCT) remains a vital avenue to address bilateral trade and investment issues, as U.S. exports to China continue to climb, said co-chair and Acting Deputy U.S. Trade Representative Wendy Cutler at the…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
JCCT mid-year review in Beijing on Sept. 11. U.S. goods exports to China rose to $110.6 billion in 2012, the USTR said, constituting a 6.4 percent increase from the previous year. Though "significant and complex challenges" in trading with China, "the U.S.-China trade relationship has a strong foundation and will continue to yield substantial dividends for both countries," said co-chair Under Secretary of Commerce for International Trade Francisco Sánchez. “We continue to look for opportunities such as the JCCT process to resolve key trade and investment barriers in China, to ensure our shared prosperity, and to broaden cooperation on key issues with a view toward making it easier to for U.S. service providers and exporters to do business with China,” said Sánchez. Sánchez intends to leave office in a matter of weeks (see 13090506).