U.S. and China Ease a Range of Trade Restrictions

November 2, 2009 at 9:17 am

HANGZHOU, China — The U.S. and China agreed to relax restrictions on agriculture, technology, travel and other trade restrictions ahead of President Barack Obama’s first visit to Beijing next month.

The two sides made “solid progress” that helps “both of our countries achieve balanced and sustainable growth,” U.S. Trade Representative Ron Kirk said Thursday at the end of a meeting of the U.S.-China Joint Commission on Commerce and Trade, or JCCT.

Chen Deming, China’s commerce minister, said the two sides will “jointly oppose trade and investment protectionism.”
(By JAMES T. AREDDY, The Wall Street Journal, OCTOBER 30, 2009)

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Entry filed under: Asia, Business Development, Business Environment, Business to Business, China, Global Business, NKITA.

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