China, US achieve positive results at bilateral trade talks
Chinese Vice Premier Wang Qishan announced yesterday that positive results had been achieved at a one-day China-US trade meeting here, saying China stands ready to work with the US to further expand bilateral economic and trade ties.
“China-US economic relation is not only important for our two countries, but important for the whole world,” Wang said at the end of the 19th session of the China-US Joint Commission on Commerce and Trade (JCCT), which was held at the Richard Nixon Presidential Library in a Los Angeles suburb.
As the world’s biggest developing and developed countries respectively, China and the United States enjoy ever closer economic ties and ever solider foundation of bilateral cooperation, said the vice premier.
“The Chinese government has always been attaching great importance to consolidating and developing China-US economic relations, and we have done a great deal of work in terms of promoting trade balance and strengthening intellectual property protection,” said Wang.
The Chinese vice premier co-chaired the one-day meeting with US Commerce Secretary Carlos Gutierrez and US Trade Representative Susan Schwab. Chinese Commerce Minister Chen Deming and US Agriculture Secretary Edward Schafer also attended the meeting.
Wang said the meeting has secured mutually beneficial win-win results, and would go a long way to promote bilateral cooperation and create a good atmosphere for the next China-US Strategic Economic Dialogue (SED), which will be held later this year.
Like SED, the JCTT is a major cooperation mechanism between the two countries to resolve problems and disputes regarding investment and trade issues through dialogue and discussion, according to Wang.
Echoing Wang’s remarks, Gutierrez described yesterday’s meeting as “a very robust session with very robust outcomes.”
He said the US-China economic relationship has been the fastest growing one that his country has ever seen.
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