China eases terms for U.S. JVs on govt procurement
HANGZHOU, China (Reuters) - China has agreed to treat goods made in China by U.S. joint venture firms as domestic products in government procurement tenders, U.S. Trade Representative Ron Kirk said on Thursday.
Speaking to reporters after two days of high-level talks, Kirk said this was a major priority for American businesses in China.
He also said that China had agreed to submit a revised offer to join the World Trade Organisation's government procurement accord by 2010.
U.S. Commerce Secretary Gary Locke told the news conference that Beijing had agreed to ease market access for U.S. makers of medical devices by scrapping duplicative, redundant regulations.
(Reporting by Lucy Hornby; Editing by Alan Wheatley)
(For more news on Reuters Money visit www.reutersmoney.in)
© Thomson Reuters 2010 All rights reserved
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article
India
US
UK
