China to Move Forward in Bilateral Trade Talks with United States
China is now ready to move forward in the Bilateral Investment Treaty negotiations with the United States as part of economic cooperation and is now welcoming foreign companies to invest their dividends in China’s new round of reform and development.
The country also hopes that the US takes these measures and provides a fair and stable investment environment for Chinese companies and at the same time create a healthy development of a two way investment. In a tenth round of talks that was held this week for the BIT proposes a two way direct investment that will boost investments which was pushed further after talks between US president Barack Obama and president XI Jingping. Talks between the two presidents were done on the basis of the pre-establishment of a national treatment that was accompanied by the negative list approach.
So far China is taking concrete steps for the talks as the Central Committee of the Communist Party is creating a plan in deepening reform which includes a road map and time frame for its implementation. Furthermore the free trade zone that was intended to broaden investment access in the service sector that will also introduce trade facilitation measures to further boost imports and exports.
Xi also proposed cooperation in the energy sector as he called for a start in the exports of liquefied natural gas from the US to China and the collaboration shale gas development.