SOURCE: The US-China Business Council

The US-China Business Council

January 30, 2013 11:20 ET

USCBC Board: Statement of Priorities Names Specific Goals of American Business Leaders for US-China Commercial Relationship

The United States and China Should Capitalize on the Transitions of Senior Leaders and Staff in Both Governments to Make Progress on Key US-China Commercial Issues

WASHINGTON, DC--(Marketwire - Jan 30, 2013) -  The United States and China should capitalize on the transitions of senior leaders and staff in both governments to make progress on key US-China commercial issues, the leading US-China business association said today.

"The start of President Obama's second term coincides with a leadership transition unfolding in China," US-China Business Council (USCBC) Chairman and The Procter & Gamble Company Chairman of the Board, President, and Chief Executive Officer Robert McDonald said. "Government leaders in Beijing and Washington, DC have the opportunity to address the challenges that have lingered in the relationship as well as address new issues that have come to the forefront. Today's release of the USCBC Board Statement of Priorities names specific goals for American business to succeed in the competitive and complex US-China marketplace. "

USCBC is the leading business organization of American companies doing business with China. Now in its 40th year, USCBC assists American companies on commercial and trade issues for the benefit of businesses, workers, and farmers across the nation.

For the second consecutive year, USCBC's board of directors has issued a Statement of Priorities in the US-China Commercial Relationship. The goal of the document is to focus the efforts of both governments on the top priorities for American companies that conduct business with China. Last year's statement received high-level attention from both US and Chinese governments and progress was made on many of the issues, including China delinking indigenous innovation from government procurement policies, restoring full participation of the US Office of Science and Technology Policy (OSTP) in the US-China Innovation Dialogue, and the resumption of negotiations for a bilateral investment treaty.

"American companies face a variety of challenges in their business operations with China, including market access barriers, protecting intellectual property rights, and licensing challenges," USCBC President John Frisbie said. "This year's Statement of Priorities builds on the successful work that has been done in the past year and seeks to refocus the efforts of both governments on the tangible steps that can be made to make a difference for companies doing business in both the United States and China."

The report contains 28 specific recommendations that fall under six general categories:

  • Further solidify the foundation for mutually beneficial commercial relations

  • Ensure fair and open investment environments that create jobs

  • Reduce trade barriers and enforce globally accepted trade rules

  • Ensure competitive neutrality and improve transparency

  • Provide consistent, strong intellectual property rights (IPR) protection

  • Adhere to mutually beneficial innovation policies

"The US-China Business Council estimates that China is at least a $250 billion market for American companies and American workers. US exports to China, including manufactured goods, chemicals, electronics, and agriculture products, have probably reached $110 billion for the first time," Frisbie concluded. "There is much to be done to improve the US-China commercial relationship, but it will require government leaders in China and the US to think critically and develop meaningful policies that help us achieve that goal. The US-China Business Council is ready to work with all those who share that goal. USCBC's Statement of Priorities names specific goals and sets the foundation to create meaningful policies to advance US-China commercial relations."

For the complete USCBC Board Statement of Priorities, visit:

The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of roughly 240 American companies that do business with China. For 40 years, USCBC has provided unmatched information, advisory, advocacy, and program services to its membership. Through its offices in Washington, DC; Beijing; and Shanghai, USCBC is uniquely positioned to serve its members' interests in the United States and China.

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