The 26th Session of China-US Joint Commission on Commerce and Trade to Be Held in Guangzhou From Nov. 21 to 23
Release time:2017-11-16
The 26th Session of China-US Joint Commission on Commerce and Trade (JCCT) is going to be held in Guangzhou from November 21 to 23. Wang Yang, Vice Premier of the State Council of China, Penny Pritzker, U.S. Secretary of Commerce, and Frohman, trade representative, will jointly preside over the session. In addition, Tom Vilsack, Secretary of the U.S. Department of Agriculture, will attend.
JCCT is the earliest high-level economic dialogue mechanism established between the governments of China and the United States. Since May 1983, when the 1st JCCT session was held, 25 sessions have been held, playing a significant role in expanding bilateral mutual beneficial cooperation, relieving economic and trade frictions and promoting a sound and stable development of the economic and trade relations between the two countries.
The 26th Session of JCCT will be the last high-level economic and trade dialogue activity between the two countries this year. Both sides will center on putting the initiatives proposed by both sides during the state visit of Chinese President Xi Jinping to the United States to have in-depth exchange of opinions on a number of issues highly concerned by both sides and make discussions about the ways to expand mutual beneficial cooperation. In addition, both sides will hold a variety of seminars, entrepreneur roundtables and forums themed on economic and trade cooperation between the provinces and the states of the two countries and public health. China expects to base on the platform of JCCT to cooperate with the United States to expand the mutual benefits for the two countries, enrich the economic and trade connotations of the new-pattern relationship between two great powers, and promote a further development of the bilateral economic and trade cooperation.
The 25th Session of JCCT was held in Chicago from December 16 to 18, 2014. The two sides had profound discussions about export control, intellectual properties, innovation policies, bilateral investments, competition policies, drug and medical equipment examination and approval, opening-up of services, trading of agricultural and forest products as well as cooperation in aviation, reaching a number of consensuses and achievements.
Now, China and the United States have become the second largest trade partner of each other. The statistics of China indicated that, in 2014, the volume of bilateral cargo trade reached USD555.1billion, and the stock of bilateral investment exceeded USD140 billion.
Source: Translate from Invest Guangzhou, November 13, 2015
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