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China, US open trade talks with agreements expected
(Agencies)
Updated: 2005-07-11 14:32
China and the United States opened annual high-level trade talks in
Beijing with an agreement expected on a wide range of thorny issues
including intellectual property, aviation and petrochemicals, officials said.
Chinese Vice
Premier Wu Yi, right and U.S. Commerce Secretary Carlos Gutierrez, left,
walking to a meeting of the U.S.-China Joint Commission on Commerce and
Trade, (JCCT) in Beijing July 11, 2005.
[AP] | Attending the Joint Commission on Commerce
and Trade (JCCT) from the US side are Trade Representative Rob Portman, Commerce
Secretary Carlos Gutierrez and Agriculture Secretary Mike Johanns.
China's team is headed by Vice Premier Wu Yi.
The JCCT was set up in 1983 as a mechanism to help resolve trade concerns and
pursue bilateral commercial opportunities. It was upgraded in 2003 to take on
higher-level issues and outstanding disputes.
Later Monday, the two sides will sign an agreement on a series of bilateral
concerns that will also include trade in agriculture, bio-technology, banking
and civil aviation, US embassy officials said.
"The agreement is aimed at the promotion of bilateral trade opportunities and
the resolution of trade concerns," one US official said.
Portman and Johanns are due to head on to a meeting of about 30 World Trade
Organisation (WTO) members in the northeastern Chinese city of Dalian on
Tuesday, which is aimed at energising negotiations on liberalising global
commerce.
Portman said a top priority for the United States at the JCCT talks would be
intellectual property rights (IPR), with US industry complaining about fake
goods in China.
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