US, China to establish textile consultation mechanism

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Last updated at: (Beijing Time) Wednesday, October 29, 2003

US, China to establish textile consultation mechanism

The United States and China have agreed to establish a bilateral textile consultation mechanism on a regular basis, said US Secretary of Commerce Donald Evans Wednesday in Beijing.

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The United States and China have agreed to establish a bilateral textile consultation mechanism on a regular basis, said US Secretary of Commerce Donald Evans Wednesday in Beijing.

Seeing his China tour as successful, Evans told a press conference that the consultation mechanism is aimed at exchanging information and resolving problems in bilateral textile and apparel trade.

Evans said the United States and China also agreed to organize an industry-to-industry exchange to seek opportunities for bilateral cooperation, addressing such problems as the protection of intellectual property, avoiding trade disputes.

The two sides would hold an exhibition in China to promote US textile products to China, said Evans, adding that a seminar would be hosted to introduce investment opportunities in the United States to the Chinese textile trade.

The two sides would also explore other measures to encourage bilateral textile trade, particularly expanding US exports of textile products to China.

The United States welcomed China's statement that China would continue its reform and opening-up policy and welcome foreign investment enterprises to participate in the restructuring of the Chinese textile and apparel industry, said Evans.

The two sides agreed to increase dialogue in economy and commerce within the framework of the Sino-US Joint Commission on Commerce and Trade (JCCT), and to enhance cooperation in the protection of intellectual property rights.

They will also deepen cooperation between small and medium-sized enterprises.

As the fourth largest trading partner of the United States, China has become a huge potential market for American goods and services, said Evans, hoping that China would accelerate its reform and improve its trade environment to promote bilateral trade.

Evans started his visit to China on Oct. 26. During his visit, Evans met with Chinese Premier Wen Jiabao, Minister in charge of the State Development and Reform Commission Ma Kai, and Vice-Minister of Commerce Yu Guangzhou. He also visited northwest China's Shaanxi Province.

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