The U.S.-China Joint Commission on Commerce and Trade will meet in Chengdu, China beginning Nov. 20. Established in 1983, the JCCT is the main forum for addressing bilateral trade issues and promoting commercial opportunities between the United States and China. The JCCT holds plenary meetings on an annual basis, while a number of working groups meet throughout the year in areas such as intellectual property rights, agriculture, pharmaceuticals and medical devices, information technology, tourism, environment, and statistics.
This 22nd session of JCCT will be co-chaired by U.S. Secretary of Commerce John Bryson and U.S. Trade Representative Ron Kirk.
"The JCCT is an important opportunity to address and resolve key trade concerns with China," Bryson said. "Our goals are to help open markets to U.S. exports that will improve the lives of the Chinese people, and to work to level the playing field for American companies. Our year-long work on these and other issues on the JCCT agenda will help spur economic growth here at home by increasing exports to China, and help us meet our National Export Initiative goal of doubling U.S. exports by the end of 2014."
China was the largest supplier of U.S. goods imports in 2010 and was the third-largest market for U.S. exports in 2010. U.S. goods exports to China were $92 billion in 2010, up 468 percent since 2000. Trade in services with China (exports and imports) totaled $31 billion in 2010; services exports were $21 billion and services imports were $10 billion.
"The JCCT is a key venue for ensuring that our bilateral trade relationship moves in a positive direction to provide maximum benefits for American workers and businesses," Kirk said. "Through this year's JCCT, we are pressing China for concrete and measurable results on a number of significant issues including China's policies on intellectual property rights, investment and innovation, as well as a range of sector-specific industrial policies."
Secretary of Agriculture Tom Vilsack will also take part in the discussions, addressing key agricultural trade concerns. Vilsack says - partnerships with a growing market like China are integral to the strength of the U.S. economy in the decades ahead.