China and US ready for investment negotiations

Texas Guardian Saturday 13th July, 2013

Negotiations are likely to re-start in full between China and the United States on how the two countries can successfully invest in each others' economies.

A "Bilateral Investment Treaty" will involve China and the US agreeing to include all sectors of the dual economies and the different stages of investment.

Beijing has now agreed to drop previous efforts to exempt certain sectors of its economy, paving the way for the more substantial negotiations.

Chinese Commerce Minister, Gao Hucheng, has said the two countries will try to find common ground in order to reduce differences and barriers that both sides currently place in trade and investment relations.

Beijing and Washington have held four rounds of Strategic and Economic Dialogue in the past several years.

Negotiations were first begun under former US President George W. Bush in 2008, but were stalled when Barack Obama took office in 2009.

The fifth round of the talks wrapped up on Friday following a week of talks.

Beijing has often criticised Washington's cooperation with other treaty partners, including Japan, South Korea, and the Philippines and other Asian countries such as Vietnam, which is not a traditional ally.

Source: http://www.texasguardian.com/index.php/sid/215807327/scat/3a8a80d6f705f8cc

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