Post by account_disabled on Feb 27, 2024 5:14:54 GMT -5
Washington described talks between government officials on “sharing information on export control enforcement” as “a platform to reduce misunderstandings about U.S. national security policies.” China's Ministry of Commerce said the talks would serve to "exchange information related to export control, in accordance with their respective laws." The talks come as Raimondo will hold more high-level meetings with Chinese government officials in Beijing on Tuesday. The US Commerce Secretary is on a four-day trip following visits to China by Secretary of State Antony Blinken and Treasury Secretary Janet Yellen. U.S. officials said their Chinese counterparts had been receptive to talks with Raimondo. China, which is struggling to revive its economy after last year's pandemic lockdowns, is seeking to revitalize foreign investment amid a deep property market slowdown and falling exports. A senior U.S. trade official said his country viewed the exchange of information on export control enforcement as a forum to increase transparency about its new rules that restrict trade and investment with sensitive areas of China's economy, and not as a forum for negotiating policies.
The goal was to encourage compliance with the new rules by providing more information about their implementation, thereby reducing the need for punitive and enforcement measures, the official said. President Joe Jordan Mobile Number List Biden this month announced an executive order banning some U.S. investments in China's quantum computing, advanced chips and artificial intelligence sectors to prevent the Chinese military from accessing U.S. technology and capital. The new executive order will take effect next year and will require companies to notify the US government of other investments in the three Chinese sectors. China, for its part, has announced restrictions on the export of gallium and germanium (two metals used in chip manufacturing) and on the use of Micron Technology products in its critical infrastructure. Beijing has also announced restrictions on the export of drones and drone components, citing their potential military use. The restrictions could affect both sides in the Ukraine war. The talks under the export control information exchange would be for government officials, the top U.S. trade official said.
China's Ministry of Commerce in Beijing said Commerce Minister Wang Wentao had expressed concerns to Raimondo during their meeting about US tariffs, semiconductor policies, investment restrictions, "discriminatory subsidies" and sanctions aimed at Chinese companies. "The overgeneralization of national security is not conducive to normal trade and economic exchanges," Wang was quoted as saying by the newspaper. The exchange of information on export control was one of several new mechanisms agreed upon for dialogue between the two sides. Others included a working group on trade issues, which will hold its first session next year in the United States, and technical discussions on the protection of trade secrets and commercial information during licensing procedures. On Tuesday morning, Raimondo met with Hu Heping, China's Minister of Culture and Tourism. One of his goals on the trip is to rebuild personal ties that deteriorated after China restricted visa access in recent years to limit the spread of Covid-19. Raimondo also agreed to meet in person with China's commerce minister at least once a year.
The goal was to encourage compliance with the new rules by providing more information about their implementation, thereby reducing the need for punitive and enforcement measures, the official said. President Joe Jordan Mobile Number List Biden this month announced an executive order banning some U.S. investments in China's quantum computing, advanced chips and artificial intelligence sectors to prevent the Chinese military from accessing U.S. technology and capital. The new executive order will take effect next year and will require companies to notify the US government of other investments in the three Chinese sectors. China, for its part, has announced restrictions on the export of gallium and germanium (two metals used in chip manufacturing) and on the use of Micron Technology products in its critical infrastructure. Beijing has also announced restrictions on the export of drones and drone components, citing their potential military use. The restrictions could affect both sides in the Ukraine war. The talks under the export control information exchange would be for government officials, the top U.S. trade official said.
China's Ministry of Commerce in Beijing said Commerce Minister Wang Wentao had expressed concerns to Raimondo during their meeting about US tariffs, semiconductor policies, investment restrictions, "discriminatory subsidies" and sanctions aimed at Chinese companies. "The overgeneralization of national security is not conducive to normal trade and economic exchanges," Wang was quoted as saying by the newspaper. The exchange of information on export control was one of several new mechanisms agreed upon for dialogue between the two sides. Others included a working group on trade issues, which will hold its first session next year in the United States, and technical discussions on the protection of trade secrets and commercial information during licensing procedures. On Tuesday morning, Raimondo met with Hu Heping, China's Minister of Culture and Tourism. One of his goals on the trip is to rebuild personal ties that deteriorated after China restricted visa access in recent years to limit the spread of Covid-19. Raimondo also agreed to meet in person with China's commerce minister at least once a year.