Source: CRI

12-11-2007 14:23

The 18th Sino-US Joint Commission on Commerce and Trade, or JCCT opens in Beijing on Tuesday. High-level officials of the two countries will discuss bilateral economic and trade issues and are expected to sign several agreements and memoranda on agricultural and environmental co-operation.

Chinese vice premier Wu Yi, the US Secretary of Commerce Carlos Gutierrez and US Trade Representative Susan Schwab will preside over the 18th Sino-US Joint Commission on Commerce and Trade on Tuesday.

After this meeting, the 3rd China-US Strategic Economic Dialogue, or SED will also be held Wednesday and Thursday in Beijing.

The US Secretary of Commerce Carlos Gutierrez said on Monday that he is quite optimistic about the success of two sets of dialogues between US and China.

"I think it's very important that what have been achieved is coming together and the agreement on the future, vision and how we can work together to complement each other."

Talking about the difference of the two meetings, Gutierrez said the strategic economic dialogue focus more on macroscopical issues. And the coming JCCT will help solve specific problems.

"JCCT is very specific and it is related to barriers that maybe standing in the way of trade between the US and China. It relates to IPR and also to certain regulations."

The US Commerce Secretary said that the China-US economic dialogue is a long-term work, and the achievements obtained will undoubtedly boost the economic growth of the two countries and are also helpful to the global economic development.

"China and the US represent almost 40 percent of the world's economic growth, though strategic dialogue, it enables us to continue to grow together and continue to help each other, because the two economies are so big that with the world's interest make us grow together."

Launched by US President George W. Bush and Chinese President Hu Jintao in September 2006, the China-US Strategic Economic Dialogue serves as a platform to discuss long-term, strategic and comprehensive issues in the bilateral trade relationship.

Delegations sent by the two governments to the third SED are of a very high level. The US side will send nine cabinet -level officials inlcuding Treasury Secratary Henry Paulson, Secretary of Commerce, Secratary of Health and Human Services, Administrator of Environmental Protection Agency and the President of Export and Import Bank. For the Chinese side, Vice Premier Wu YI will lead a delegation also comprisng a number of ministers.

 

Editor:Xiong Qu