Subscribe to our free, weekly email newsletter!


China’s outreach on trade wins some shipper support

The governments announced commitments by China to crack down on intellectual property rights (IPR) violators, legalize software, and reduce market access barriers.
By Patrick Burnson, Executive Editor
December 17, 2010

The U.S. Chamber of Commerce has praised the administration’s efforts to deliver meaningful outcomes for American business at the bilateral dialogue to promote U.S.-China commercial relations.

The governments announced commitments by China to crack down on intellectual property rights (IPR) violators, legalize software, and reduce market access barriers. This year’s U.S.-China Joint Commission on Commerce and Trade (JCCT) was held as Chinese President Hu Jintao prepares to visit Washington next month.?

“China’s commitment to eliminate measures requiring local IP content and technology transfer as conditions to compete in its marketplace is a step forward,” said Myron Brilliant, senior vice president for International Affairs at the U.S. Chamber, following the 21st meeting of the JCCT.

“At the same time, we note that today’s promises must be measured not by words on paper, but by tangible progress on the ground. We urge both governments to quickly agree on metrics in future discussions that will quantify that new efforts are in fact translating into results.”??

According to the Chamber, results of the meeting demonstrate that the JCCT process continues to be a constructive one that benefits American companies and workers. In addition to progress on IPR, software, and market access, China also announced it would table a new offer in its negotiations to join the World Trade Organization Agreement on Government Procurement.?

In an interview with LM earlier this week, Jock O’Connell, Beacon Economics’ International Trade Adviser, noted that reliance on China’s manufacturing capability trumps most measures to expand trade.
“Our consumers are more concerned with buying cheap goods, than supporting new U.S.-based ventures,” he said. “We are in the grip of a cycle that values cost over quality.”

But Brilliant maintained that “confidence-building” measures in the commercial sphere—long the bedrock of U.S.-China relations—are the best antidote to rising concerns about the direction of the U.S.-China commercial relationship:

“We encourage both sides to seize the momentum generated at this year’s meeting to work towards resolution of outstanding issues, to resist protectionist impulses, and to open markets further to two-way trade and investment.”

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.

LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.

It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

Article Topics

News · Technology · Manufacturing · Trade · China · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA