国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Opinion

Trade agreements should not be political

By Don Bonker (China Daily) Updated: 2014-03-12 07:29

Last year President Obama and Chinese President Xi Jinping agreed to revive negotiations for a China-US Bilateral Investment Treaty that is intended to break down the barriers to encourage more foreign investments between the two countries. Yet is the US prepared to insulate the Committee on Foreign Investment in the United States process from being used for political and economic interests to block investments, and is China, for its part, willing to allow foreign investments in its protected industries, particularly State-owned enterprises and in the financial, transportation and telecom sectors?

The flip side is the ever increasing mercantile trade across the Pacific. The whole idea of the TTP is to lower tariffs, remove restrictions and improve market access among the participating nations. But it will likely encounter the same fate as the 20 FTAs previously negotiated by the US Trade Representative that ultimately were greeted with skepticism on Capitol Hill.

Nowhere is this more evident than US trade policies that are being unfairly aimed at China. America's anti-dumping/countervailing duty laws are highly discriminatory in that they still treat China as a non-market economy, which guarantees the imposition of punitive tariffs that are proving harmful to businesses in both countries.

It certainly raises questions about the US' protectionism or at least the politicalizing of its trade policies, casting doubts on Congress acting responsibly and a president's ability to deliver on important trade deals. Indeed former US trade representative Robert Zoellick once declared that "trade agreements were more about politics than economics".

Trying to address these issues will be a challenge. On the US side, it is a combination of old fashion protectionism, China bashing, distorted regulatory policies, and domestic companies seeking protection from Chinese competition. For its part, China must commit to implementing the Third Plenum's bold 60-point reform plan and otherwise insure more openness and transparency as it becomes more dominant in the world economy.

Hopefully, if both China and the Obama administration can get their act together on investment and trade policy, we may see the day when the bilateral economic relationship is less about politics and more about economics.

The author, a former US Congressman, is with APCO Worldwide.

(China Daily 03/12/2014 page9)

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
青冈县| 皮山县| 竹溪县| 汶上县| 长葛市| 巴彦淖尔市| 松阳县| 东丽区| 宜宾县| 明溪县| 莎车县| 浏阳市| 清水河县| 蒙自县| 乐平市| 青海省| 惠州市| 稷山县| 普定县| 定襄县| 河池市| 本溪| 永丰县| 三原县| 太仆寺旗| 昭觉县| 张北县| 中牟县| 三台县| 山东| 林口县| 新蔡县| 长寿区| 屏东县| 长岭县| 宜丰县| 丰顺县| 武胜县| 米脂县| 民丰县| 赞皇县|