News / USA

US, China Move Forward on Bilateral Investment Treaty

Trade Tops US, China Talks Wednesdayi
X
July 11, 2013 10:42 AM
Trade issues topped the opening on Wednesday of strategic and economic talks between the United States and China. As VOA State Department Correspondent Scott Stearns reports, U.S. business leaders say the high-level talks are an opportunity for U.S. officials to push for lower trade barriers.

Related video report by Scott Stearns "Trade Tops US, China Talks Wednesday"

VOA News
U.S. and Chinese officials have agreed to restart negotiations on a bilateral investment treaty - a move hailed by Washington as a "significant breakthrough" that could expand Chinese market access for American investors.
 
Chinese Commerce Minister Gao Hucheng revealed the deal Thursday, on the sidelines of U.S.-China security and economic talks in Washington. Gao did not offer a specific date for the start of negotiations, but he said they will begin as soon as possible.
 
U.S. Treasury Secretary Jacob Lew praised the agreement, saying it marks the first time Beijing has agreed to negotiate a treaty covering "all sectors and stages of investment with another country."
 
China and the United States began treaty negotiations in 2008, under former president George W. Bush. But those talks stalled the following year, as President Barack Obama took office.
 
Beijing had only agreed to participate in the earlier treaty talks if Chinese service sector industries were exempt. U.S. officials say China dropped that demand during current negotiations.
 
Washington has pushed for such a treaty for years, with U.S. business leaders saying it would expand market access in a country where state-owned companies enjoy many competitive advantages.
 
A bilateral investment treaty would need approval by two-thirds of the U.S. Senate, where many members have been critical of China's widely perceived failures to curb cyber-espionage and protect U.S. intellectual property.
 
On Wednesday, U.S. Vice President Joe Biden called for China to stop what he called "outright" cyber theft, which experts say has cost the United States hundreds of billions of dollars a year.
 
China has denied the accusations, saying it is the victim and not the perpetrator of such attacks. It has become more outspoken on the issue since leaks by ex-U.S. spy agency contractor Edward Snowden revealed alleged widespread U.S. cyber espionage on Chinese and other targets.
 
Secretary Lew, speaking late Thursday, said China has committed to stronger protections for U.S. intellectual property and trade secrets. But he did not offer details.
 
Biden's Wednesday speech also addressed the sensitive topic of Chinese human rights. He said China will be stronger, more stable and more innovative if it respects international human rights norms.
 
U.S. officials said Secretary of State John Kerry was "very forceful" during private discussions on human rights, and raised "specific issues" with the Chinese delegation.

You May Like

Multimedia Social Media Documenting, Not Driving, Hong Kong Protests

Unlike in Arab Spring uprisings, pro-democracy protesters in Hong Kong aren't relying on Twitter and Facebook to organize, but social media still plays a role More

Analysis: Occupy Central Not Exactly Hong Kong’s Tiananmen

VOA's former Hong Kong, Beijing correspondent compares and contrasts 1989 Tiananmen Square protest with what is now happening in Hong Kong More

Bambari Hospital a Lone Place of Help in Violence-Plagued CAR

Only establishment still functioning in CAR's second city is main hospital More

This forum has been closed.
Comment Sorting
Comments
     
by: Spice Valley Road from: Indiana
July 12, 2013 10:27 AM
I'm sure the Chinese are going to heed Biden's comments. Why doesn't he just say something like, "Hey, we're all on the earth together. Let's just share everything with each other and not worry about who gets what in return. After all, that's only fair. Why should anyone owe more than they can repay?"


by: Yoshi from: Sapporo
July 12, 2013 4:04 AM
I think US should refrain from concerning about South China sea territorial disputes too much because they are mostly the concerns of our Asian coutires and they should be soleved for ourselves, by ourselves.

In Response

by: Samurai from: Japan
July 12, 2013 10:03 AM
Every country behaves only for its own national benefit. So does the USA. However, if the national benefits of USA and other countries coincide with each other, these countries should ally with one another, for example, in order to defend our inherent territories and interests from such a greedy and lawless country as China. Even Japan will have much difficulty in defending its territories alone from China because Japanese nowadays are too peace-addicted.


by: Wangchuk from: NYC
July 11, 2013 9:50 AM
Economic relations with China are important but the US must not forget about human rights. Chinese, Tibetans & Uighurs deserve human rights and the CCP often violates those rights. The US must do more to help improve human rights in China, Tibet & Xinjiang.

In Response

by: Quek from: China
July 12, 2013 12:22 AM
Ridiculously brainwashed foreighners. Unless you've reached there and talked to locals you deserve no rights of condemning so. Tibetans and Uighurs are given priority over us common Hans in many ways. They have privileges instead of being suppressed. The terrorists who slayed common people and attack polices there are described by White House as Uighurs who rise to rebell against central government. Is that true? Ironic, Those innocent common people killed are mostly Uighurs, because they take a more proportion in population than Hans. Chinese government is far too gentle to behave like powerful America who acts as world police and interferes with everything and takes its own advantage.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
The Legacy of Jimmy Carter: The Preacher from Plainsi
X
October 01, 2014 10:45 AM
It is common in the United States to see tourists flock to sites associated with America's presidents. Some are privately owned and others are run by the National Park Service or the National Archives -- but most have helped draw business and people into the towns and cities where they are located. As VOA’s Kane Farabaugh reports, there is one particular presidential hometown that is unique in what it has to offer those who make the trip.
Video

Video The Legacy of Jimmy Carter: The Preacher from Plains

It is common in the United States to see tourists flock to sites associated with America's presidents. Some are privately owned and others are run by the National Park Service or the National Archives -- but most have helped draw business and people into the towns and cities where they are located. As VOA’s Kane Farabaugh reports, there is one particular presidential hometown that is unique in what it has to offer those who make the trip.
Video

Video Hong Kong Protests Draw New Supporters on National Holiday

On the 65th anniversary of the founding of Communist China, Hong Kong protesters are hoping to stage the largest pro-democracy demonstration since the 1989 Tiananmen protests. VOA's Brian Padden visited one of the protest sites mid-day, when the atmosphere was calm and where the supporters were enthusiastic about joining what they are calling the umbrella revolution.
Video

Video India's PM Continues First US Visit

India's prime minister is on his first visit to Washington, to strengthen political and economic ties between the world's oldest and the world biggest democracies. He came to the U.S. capital from New York, the first stop on his five-day visit to the country that denied him an entry visa in the past. From Washington, Zlatica Hoke reports Modi seemed most focused on attracting foreign investment and trade to increase job opportunities for his people.
Video

Video Malaysia Struggles to Stop People Joining Jihad

Malaysian authorities say militant groups like the so-called "Islamic State" have used social media to entice at least three dozen Malaysian Muslims to fight in what they call "jihad" in Syria and Iraq. As Mahi Ramkrishnan reports from Kuala Lumpur, counterterrorism police are deeply worried about what could happen when these militants return home.
Video

Video Could US Have Done More to Stop Rise of Islamic State?

President Obama says airstrikes against Islamic State militants in Syria will likely continue for some time because, in his words, "there is a cancer that has grown for too long." So what if President Obama had acted sooner in Syria to arm more-moderate opponents of both the Islamic State and the Syrian government? VOA State Department Correspondent Scott Stearns reports from the United Nations.
Video

Video Treasure Hunters Seek 'Hidden Treasure' in Central Kenya

Could a cave in a small village in central Kenya be the site of buried treasure? A rumor of riches, left behind by colonialists, has some residents dreaming of wealth, while others see it as a dangerous hoax. VOA's Gabe Joselow has the story.
Video

Video Ebola Patients Find No Treatment at Sierra Leone Holding Center

At a holding facility in Makeni, central Sierra Leone, dozens of sick people sit on the floor in an empty university building. They wait in filthy conditions. It's a 16-hour drive by ambulance to Kailahun Ebola treatment center. Adam Bailes was there and reports on what he says are some of the worst situations he has seen since the beginning of this Ebola outbreak. And he says it appears case numbers may already be far worse than authorities acknowledge.
Video

Video Identifying Bodies Found in Texas Border Region

Thousands of immigrants have died after crossing the border from Mexico into remote areas of the southwestern United States in recent years. Local officials in south Texas alone have found hundreds of unidentified bodies and buried them in mass graves in local cemeteries. Now an anthropologist and her students at Baylor University have been exhuming bodies and looking for clues to identify them. VOA’s Greg Flakus has more from Waco, Texas.
Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.

AppleAndroid