Sunday, May 23, 2010

Wang Presses U.S. on Lifting Export Controls to China

Wang Presses U.S. on Lifting Export Controls to China
China pressed the United States to give a timetable for relaxing restrictions on technology exports Commerce The Secretary Gary Locke pledged to curb the number of products subject to restrictions.

"China is pleased that U.S. initiative to relax U.S. export controls," Wang Qishan, Vice Premier of China, said at the beginning of the security and economic dialogue in Beijing today. "We hope to hear from the American side in detail a timetable and roadmap for the gradual removal of barriers on high-tech exports to China."

Chinese officials, entrepreneurs, students, and journalists have been questioned by U.S. restrictions require licenses for export of civilian technology that could have military purposes under Locke's weeklong trade mission to China.

Locke said a review of the controls that would curb the number of elements covered by the measures and impose tighter restrictions on these lines will be completed this summer.

"We look forward to continuing to work with the Chinese government on non-proliferation and with Chinese companies on export control compliance practices are in accordance with international standards," Kevin Griffis, a Commerce spokesman, said in an e-mail. Still "the impact of U.S. export restrictions on high-tech trade with China is very small."

Of the $ 63400000000 in U.S. exports to China in 2009, only 0.3 percent demanded a trade license under the Commerce Ministry data. Less than 2 percent of all such applications to China were rejected, it said.

Wang also pressed the U.S. to give China the so-called market economy status, a designation that could limit the size of anti-dumping duties on Chinese goods. This change requires China meet the legal barriers to employment and foreign exchange markets, "says Locke, 19 May

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