Lawmakers press for action in China trade talks

WASHINGTON Sat Dec 1, 2012 2:21am IST

WASHINGTON (Reuters) - Four senior lawmakers on Friday pressed for action on longstanding complaints about trade with China, as President Barack Obama's administration prepares to host senior Chinese officials for high-level talks in December.

"We are concerned that China continues to move away from market-based reforms and is more deeply embracing an economic model dominated by state-owned enterprises, World Trade Organization-inconsistent subsidies, and economic protectionism," the top Republicans and Democrats on the House of Representatives Ways and Means Committee and the Senate Finance Committee said in a letter to senior Obama administration officials.

"China's state capitalist model presents a range of issues that impact the future prosperity of the United States and the economic stability of the world," they said.

U.S. Trade Representative Ron Kirk and Acting Commerce Secretary Rebecca Blank are expected to host the U.S.-China Joint Commission on Commerce and Trade meeting in December, although exact dates have not been announced.

The annual meeting comes during a period of transition for both governments. Kirk is expected to leave office in the near future and Blank's continued service as Commerce secretary is uncertain in Obama's second term that begins in January.

China's ruling Communist Party unveiled a new top leadership in November. Vice President Xi Jinping took helm of the party, and will take over as head of state in March at the annual parliament meeting.

Chinese Vice Premier Wang Qishan has co-chaired the talks in recent years and remains part of the government, but it was not immediately clear if he would attend this year's meeting.

The U.S. lawmakers struck a weary tone in their letter as they noted their longstanding frustration with China's weak enforcement of intellectual property rights, opaque regulatory system and market access barriers.

"We have each written to you in the past about our key priorities and concerns. While incremental progress has been made, our list of concerns remains troublingly similar year-to-year," the lawmakers said.

(Reporting By Doug Palmer; Editing by Sandra Maler and Mohammad Zargham)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

Apple Result

Apple Result

Apple's iPhone sales beat Street but iPad volumes slide.  Full Article 

Nadella's Paycheck

Nadella's Paycheck

New Microsoft CEO Nadella's pay tops $80 mln with big stock awards.  Full Article 

Deregulation Impact

Deregulation Impact

Private fuel retailers to dip toe, not dive back, into India  Full Article 

Airport Accident

Airport Accident

Total CEO de Margerie killed in Moscow plane accident - airport spokeswoman.  Full Article 

Gold Import

Gold Import

RBI will not change gold import rules - sources  Full Article 

Idea Results

Idea Results

Idea Cellular Q2 profit up 69 percent  Full Article 

An RBI First

An RBI First

RBI releases minutes of financial stability council's Aug meet  Full Article 

IBM Earnings

IBM Earnings

IBM ditches 2015 operating EPS target, shares slump 7 pct  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage