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USIS Washington File

07 April 2000

Text: April 6 Statement by U.S.-China Commerce/Trade Commission

(JCCT chairs affirm importance of China WTO accession) (700)
In a joint statement issued by the chairs of the U.S.-China Joint
Commission on Commerce and Trade (JCCT) April 6, the United States and
China affirmed the importance of the agreement reached between China
and the United States on November 15, 1999, regarding China's
accession to the World Trade Organization (WTO).
"China's accession to the WTO would provide significant economic
advantages to China and the United States and open new opportunities
for U.S. and Chinese enterprises and workers," the joint statement
says.
In the statement, the United States stressed its commitment to working
with the U.S. Congress to obtain legal authority to grant China
permanent Normal Trade Relations (NTR) status while China "underscored
its intention to implement its WTO obligations earnestly" after its
accession to the WTO and stressed its commitment to developing a legal
regime and administrative procedures that are in conformity with WTO
requirements.
The two sides also agreed to establish a cooperative program involving
technical assistance and a comparative law dialogue. The comparative
law dialogue would include an exchange of ideas concerning commercial
laws and regulations in both countries and compliance with WTO
obligations, including requirements related to transparency, due
process, and judicial review.
Following is the text of the joint statement:
(begin text)
JOINT STATEMENT
BY THE CHAIRS OF THE
U.S.-CHINA JOINT COMMISSION ON COMMERCE AND TRADE
Beijing, China
April 6, 2000
At the conclusion of the 13th Session of the U.S.-China Joint
Commission on Commerce and Trade, His Excellency Mr. Shi Guangsheng,
Minister of Foreign Trade and Economic Cooperation of the People's
Republic of China, and His Excellency Mr. William M. Daley, Secretary
of Commerce of the United States of America, affirmed the following:
The bilateral agreement reached between China and the United States on
November 15, 1999, regarding China's accession to the World Trade
Organization (WTO) is in the interests of both countries and will pave
the way for China's early accession to the WTO, which will contribute
to a stable and mutually beneficial relationship between China and the
United States. China stressed the critical importance of unconditional
permanent Normal Trade Relations (PNTR) in light of the U.S.-China
bilateral agreement on China's accession to the WTO, which is the
basis for the implementation of the bilatera1 agreement. The United
States stressed its commitment to work with the U.S. Congress to
obtain legal authority to grant PNTR.
The Chinese Government underscored its intention to implement its WTO
obligations earnestly after its accession to the WTO and stressed its
commitment to develop a legal regime and administrative procedures
that are in conformity with WTO requirements. Both sides believe that
China's accession to the WTO will contribute not only to their own
trade and economic development but also to the development of the
world trading system.
Considering the requirements of China's accession to the WTO and the
need for closer cooperation in this regard, China and the United
States agreed to establish a cooperative program involving technical
assistance and a comparative law dialogue. The United States agreed to
provide technical assistance, including WTO-related materials,
training programs, and exchanges of government and private legal
experts on the operation of the WTO.
The comparative law dialogue would include an exchange of ideas
concerning commercial laws and regulations in both countries and
compliance with WTO obligations, including requirements related to
transparency, due process, and judicial review. This dialogue would be
conducted on an equal and mutually beneficial basis and would promote
bilateral trade and investment.
The two sides noted that China's accession to the WTO would provide
significant economic advantages to China and the United States and
open new opportunities for U.S. and Chinese enterprises and workers.
The United States recognized the many market-based reforms, including
legal reforms, that China has already undertaken. These reforms and
the market-opening steps to be taken by China will create significant
export opportunities for American businesses, farmers, and workers.
(end text)
(Distributed by the Office of International Information Programs, U.S.
Department of State. Web site: usinfo.state.gov)



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