U.S. Commerce Secretary John Bryson and U.S. Trade Representative Ron Kirk, together with Chinese Vice Premier Wang Qishan, co-chaired the 22nd Joint Commission on Commerce and Trade (JCCT) in Chengdu, China on November 20-21, 2011. U.S. Secretary of Agriculture Tom Vilsack also took part in the discussions to address agricultural concerns. Other participants included U.S. Ambassador to China Gary Locke, U.S. Trade and Development Agency Director Leocadia Zak, and representatives from the State and Treasury Departments. Senior Chinese officials from 23 ministries and agencies also attended.
The following outcomes were achieved. Industry facts and figures appear in italics.
TECHNOLOGY AND INNOVATION POLICIES Open and non-discriminatory innovation policies will help boost U.S. advanced technology exports to China, which have grown steadily since China joined the World Trade Organization, and reached $29.6 billion in 2010. These exports to China have outpaced U.S. advanced technology exports globally, reflecting the growing prominence of China’s market.
New Energy Vehicles (NEVs) China plans to manufacture one million New Energy Vehicles annually by 2015 and five million annually by 2020.
Intellectual Property Rights Enforcement Leadership Structure In 2009, the commercial value of unlicensed software marketed in China exceeded $7.5 billion.
China plans to invest $1.5 trillion in these sectors in the next five years.
China is the world’s third largest market for medical equipment and is expected to become the second largest market in the next few years. Based on the estimates, total market size was over $12 billion in 2009 and is expected to be $18 billion by 2010.
Down Classification Regulatory Data Protection State Grid Corporation of China plans to invest $100 billion in a smart grid by 2030.
20 percent of all U.S. exports to China will benefit from time and cost savings through improvements to the China Compulsory Certification mark process.
For a given piece of telecommunications equipment, it can cost between U.S. $30,000-35,000 to test for all three licenses required in the China market.
Private-sector experts predict value-added telecommunications services will continue to grow rapidly in China, with Internet subscribers projected to increase from 457 million in 2010 to 609 million in 2015, and broadband subscribers to increase from 126 million in 2010 to 462 million in 2015.
Every $100,000 spent by international travelers to the United States supports one American job. Since the initiation of travel under the Memorandum of Understanding in June 2008, the United States has received a total export value of $13 billion from Chinese travelers. Spending by Chinese visitors is expected to grow 232 percent to $16.6 billion by 2016, moving up from the seventh largest source of tourism for the U.S. market in 2010 to the third in 2016.
Intellectual Property Rights Working Group Online Counterfeiting China and the United States agreed to reinvigorate the Commercial Law Working Group to promote trade and commerce by addressing commercial law issues. The working group will meet in the United States in the spring of 2012 to focus on enhancing our mutual understanding of the two sides’ administrative licensing procedures. During the first meeting in 2012, each side will deliver a detailed introduction on its relevant central/federal laws governing administrative licensing, and will discuss how to bring in the Chinese and the U.S. business communities and other relevant governmental departments in further dialogue.
The U.S. Department of Commerce and the Ministry of Commerce successfully led the 2011 U.S.-China Legal Exchange, the 16th such exchange under the JCCT. During this Legal Exchange, representatives from the Government of China informed members of the U.S. business, legal, and academic communities in San Francisco, Denver, and Atlanta of recent improvements in China’s commercial rule of law. To promote greater U.S.-China trade by increasing mutual understanding of the rules governing commerce, the Chinese representatives described developments in China’s antitrust merger review and tort and product liability legal regimes. Both sides agreed to convene the 2012 Legal Exchange in China, and to work together promptly to agree on the topics of the exchange and the cities in China where it will take place.
Cloud Computing The United States and China agreed to hold a Cloud Computing Seminar in the first half of 2012 to exchange best practices in approaches to cloud computing.
Motorcycles The U.S. Department of Commerce and China’s Ministry of Commerce announced a forum will be held on motorcycle use and regulation.
Specialty Automotive Products The U.S. auto specialty equipment industry was worth an estimated $29 billion in 2010.
The U.S. Department of Commerce and China’s Ministry of Commerce agree to discuss specialty auto products including safety, environmental and other regulation in the United States and China, as well as to hold discussions on the current state of the industry and its market potential.
APEC Life Sciences Innovation Forum China and the United States worked cooperatively, in a leadership role, to advance the communication on drug detection technologies at the APEC Life Sciences Innovation Forum Drug Safety and Detection Technology Workshop held in Beijing in September 2011.
Express Delivery Estimates of China’s express delivery market totaled $5 billion for 2010, a 17 percent increase from 2009, according to publically available reports.
China and the United States agree to hold the Sixth U.S.-China Symposium on Postal Reform and Express Delivery Services in 2012 in the United States.
Remanufacturing The United States is a world leader in remanufactured goods. Remanufacturing in the United States accounts for 90 percent of the market for certain replacement auto parts and is responsible for creating roughly 680,000 jobs.
The United States and China held a successful U.S.-China Remanufacturing Dialogue in October 2011. The United States and China will continue to discuss remanufacturing in the industry sectors that it occurs in globally, with participation from all relevant agencies and ministries, industry stakeholders, and academic experts from both countries.
Agricultural Cooperation The U.S. Department of Agriculture and China’s Ministry of Agriculture and General Administration of Quality Supervision, Inspection and Quarantine are finalizing the framework of a five year strategic plan focused on food security, food safety and sustainable agriculture to build a stronger foundation for critical cooperation in agriculture.
Source: U.S. Department of Commerce
