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China, US sign eight trade deals
(Xinhua)
Updated: 2004-04-22 16:51
Senior officials from China and the United States on Wednesday wound up their
one-day consultation on economic and trade issues after signing eight documents
designed to boost economic and trade relations between the two countries.
The consultation, officially known as the 15th session of the China-US Joint
Commission on Commerce and Trade (JCCT), was jointly chaired by Chinese Vice
Premier Wu Yi, US Secretary of Commerce Donald Evans and Trade Representative
Robert Zoellick. US Agriculture Secretary Ann Veneman also took part in the
talks.
The Chinese and US officials also agreed to set up six working groups within
the framework of the JCCT, a mechanism established in 1983, to deal with issues
such as China's market economy status, trade remedy measures and protection of
intellectual property rights.
"The meeting proved to be a complete success," Vice Premier Wu said at a
joint press conference held after the talks.
She said China attaches great importance to its relationship with the United
States, and economic and trade ties are an important part of the relationship.
China and the United States have become each other's major trading partners
and complement each other greatly in economy with a broad prospect for
cooperation, she noted.
Economic and trade cooperation between China and the United States is not a
zero-sum game but a win-win relationship of mutual benefit, Wu said, adding that
the Chinese side is prepared to work with the United States to advance such
cooperation in various fields through better communication and mutual
understanding.
Wu said it is not unusual that some trade disputes or friction have appeared
during the rapid development of Sino-US economic and trade relations.
What is important, she stressed, is that both sides should treat and handle
these issues from a strategic and long-term perspective and show mutual
understanding and compromises to avoid the politicization of pure economic and
trade issues.
Wu recalled that Chinese Premier Wen Jiabao proposed five principles for
guiding Sino-US economic and trade cooperation during his official visit to the
United States in December last year.
The core elements of these principles, she said, are development, equality
and mutual benefit. China hopes that the JCCT could serve as "a very good
platform" for advancing bilateral economic and trade cooperation, the vice
premier added.
"This is a landmark day and a very fruitful day in terms of the developing
relationship between the United States and China," Secretary Evans said at the
press conference.
US officials said the United States will continue to make efforts to expand
and strengthen its comprehensive economic and trade relations with China.
The just-ended JCCT meeting, they said, has showed that China is also
committed to a stronger economic and trade relationship with the United States.
With rapid and steady economic growth, China has become one of the engines to
sustain global economic growth and established a more solid basis for US-China
economic and trade cooperation, they said.
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