Fact Sheet: 23rd U.S.-China Joint Commission on Commerce and Trade U.S. Trade Representative Ambassador Ron Kirk and U.S. Commerce Acting Secretary Rebecca Blank, together with Chinese Vice Premier Wang Qishan, co-chaired the 23rd Joint Commission on Commerce and Trade (JCCT) in Washington, D.C., on December 18-19, 2012. U.S. Secretary of Agriculture Tom Vilsack also took part in the discussion 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 25 ministries and agencies also attended.
Provided below are key results from this year’s JCCT. Industry facts and figures appear in italics.
INTELLECTUAL PROPERTY RIGHTS, LOCALIZATION OF IPR & TECHNOLOGY According to a 2011 report by the U.S. International Trade Commission, U.S. industry losses in China from intellectual property rights infringement in 2009 totaled roughly $48 billion.
Copyright – State-Owned Enterprise Software Legalization China reported that in 2011 government procurement was $179 billion dollars. China’s government procurement has been growing at 25 percent per year over the past seven years.
Testing and Certification for the China Compulsory Certification (CCC) Mark Approximately 20 percent of U.S. exports to China are delayed due to China’s Compulsory Certification mark requirement.
Removing the pressure on operators to use the ZUC encryption standard would relieve a burden on highly competitive U.S. telecommunications component exporters competing for an estimated $30 billion in market opportunities by the end of 2013.
In 2011, U.S. aerospace firms exported $6.3 billion in aircraft and aircraft parts to China, which currently operates more than 800 U.S. commercial aircraft.
China plans to invest $1.5 trillion in the strategic emerging sectors in the next five years and has set a target for SEIs to account for 8% of China’s GDP by 2015 and 15 percent of China’s GDP by 2020.
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 is expected to grow from approximately $11.4 billion in 2010 to $39 billion in 2015.
U.S. industry estimates that total spending on smartphones in China will rise to $57 billion in 2012. China is also the fastest growing market for mobile applications in the world – the number of app sessions increased by 1126 percent in the first quarter of 2012 when compared to the same quarter in 2011.
Environmental Industries Forum The Environmental Industries Forum (EIF) is a bi-annual event that draws Chinese and U.S. environmental businesses and government officials together to discuss issues and opportunities in China’s environmental sector. The EIF concept was developed jointly between the Ministry of Environmental Protection, U.S. Department of Commerce, and U.S. Environmental Protection Agency under a Memorandum of Understanding.
The U.S.-China Legal Exchange is a longstanding dialogue between the United States and China, providing an annual opportunity to exchange information about recent developments in commercial law and to promote the strengthening of commercial rule of law in China.
The U.S. business community consistently ranks China’s administrative licensing process as a primary challenge to doing business in China. U.S. companies view China’s administrative licensing as one of the top areas in which they experience protectionism, as an impediment to new and expanding businesses, and as being unnecessarily costly.
Source: U.S. Department of Commerce
