Thursday marks the conclusion of the 23rd session of the U.S.-China Joint Commission on Commerce and Trade. Acting U.S. Secretary of Commerce Rebecca Blank and United States Trade Representative Ron Kirk co-chaired the JCCT along with Chinese Vice Premier Wang Qishan and U.S. Secretary of Agriculture Tom Vilsack.
The U.S. officials announced meaningful progress on key elements of the U.S.-China trade relationship but also underscored that much more work remains to be done to open China's market to U.S. exports and investment.
Vilsack said that USDA continued to advance American agricultural interests in bilateral trade discussions with the Chinese government.
"China is currently the top export market for agricultural products produced by America's farmers and ranchers, and we were able to make progress on several key issues, while reinforcing the inherent value of the products produced in the United States," Vilsack noted. "Much more work remains to be completed and we'll continue working with our Chinese counterparts in the year ahead."
Acting Secretary Blank said the meeting demonstrated that the U.S. and China will continue to work toward ensuring healthy and balanced growth in a commercial and economic relationship.
"We made progress today, though we also recognized that there is still work to do. Among other important outcomes, we were able to address U.S. concerns relating to intellectual property and innovation, to agree on the elimination of significant regulatory obstacles that were impeding U.S. exports, and to secure meaningful steps for dealing with core issues in China's Government Procurement Agreement accession," Blank said.
The U.S. and Chinese governments also signed agreements related to enhancing understanding and measurement of bilateral trade, and increasing the numbers of reverse trade missions which support China's continued development while creating more U.S. exports and jobs. Additional information about the signings and fact sheet for the 23rd session of the JCCT will be forthcoming.