U.S. Signs Nine Agreements with China
Pork, energy and piracy agreements signed during JCCT.
Compiled by staff
Published: Oct 29, 2009
During the U.S.-China Joint Commission on Commerce and Trade meeting in Hangzhou, China this week nine agreements were signed. The signings ranged from a Memorandum of Understanding on an Energy Cooperation Program to re-opening the Chinese market to U.S. pork.
"The 20th JCCT gave us the chance to see the great things our two countries have accomplished as well as the significant challenges that lie ahead," U.S. Trade Representative Ron Kirk said. "Today, we made good progress on these challenges, creating more economic opportunities to make trade work better for American workers, families and businesses. China committed to reenergize its efforts to open up its government procurement process, worth billions of dollars a year. China also announced a new campaign to clamp down on Internet piracy. This added protection is good news for America's creative industries. Our work here has built momentum for future successes, and our priority of creating and saving American jobs."
The ECP will leverage the expertise of U.S. companies to help develop clean energy solutions in China. The two governments also agreed to cooperate on initiatives in the areas of the environment, transparency, global distribution services, and standards.
"We are pleased that China agreed to remove local content requirements for foreign participation in China's wind farm market, opening up China's energy market to U.S. companies and creating jobs in America," Commerce Secretary Gary Locke said. "China's renewable energy market is expected to reach $100 billion by 2020, and wind energy is its fastest growing sector. We hope this progress builds a solid foundation for President Obama's visit in November."
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