By Lindsay Arway, Michael Gunther, Bradley Neyer, And Nathaniel Scheidt
President Obama says he is committed to working cooperatively with US trading partners to ensure that trading is as free and as fair as possible. American companies are having a hard time trading in China because seem to follow free and fair trade which they agreed to when they joined the World Trade Organization. The goal of the US is to work toward free trade in china similar to what we have here in America.
President Obama met with the president of China (Hu Jintao) at the G20 financial summit and they exchanged views on Global issues and United States- China relations coming to the following conclusions: Decided to establish the U.S.-China Strategic and Economic Dialogue. There will be a strategic track (Hilary Clinton) and an economic track (Timothy Geitner) and each side will share views of their presidents. Agreed to maintain open and close cooperation and communication to resolve pressing world issues including denuclearization of the Korean Peninsula, the Iranian Nuclear issue, Sudan humanitarian issues, and the situation in south Asia Pledged to work together to strengthen and grow the global economy. Discussed regulatory and supervisory changes needed to strengthen the global financial system.
Senators are upset with Obama over quiet diplomacy towards China. As both economies struggle to recover from recession, long standing complaints have gotten louder that China gives unfair support to it’s export-oriented manufacturers, fails to abide by World trade Organization agreements, permits the theft of American intellectual property and protects its domestic industries from competition abroad. Obama also suggested that the time had come for the United States to consider retaliation in some areas of trade. “If one of the major beneficiaries of the world trading system engages in a pattern of refusing to play by the same rules as everyone else, then we should reconsider the rules we apply to that country.”
Had remarks at the closing of U.S.-China strategic and economic dialogue. One in particular is in our efforts to meet the challenges of climate change and clean energy. The U.S. signed an agreement, for the first time, that will allow American experts to work closely with Chinese colleagues to begin exploring China’s natural gas potential. Our U.S.-China relationship must extend beyond the halls of government to our homes, our businesses, and our schools. By sending 10,000 students to China to learn Mandarin to learn their culture. 10,000 scholarship were announced by State counselor Liu.
As part of this dialogue, we also had our most serious high-level discussion to date on development, which is a core pillar of our foreign policy, along with diplomacy and defense. By doing this we want to send a message to Iran: Live up to your responsibilities or face growing isolation and consequences. We also want to work towards peace in Korea
The U.S. Environmental Protection Agency Admin. Lisa Jackson and China Minister of Environmental Protection Zhou Shengxian signed an agreement on October 12 th 2010 to formalize the partnership between the two nations on environmental protection. They have been working together to reduce emissions, limiting threats to public health. New partnership will work towards monitoring and controlling air pollution, water pollution, and pollution from persistent organic pollutants and other toxics, hazardous and solid waste, and the development, implementation and enforcement of environmental laws.
December 2 nd, 2010 Says how last year our bilateral trade in goods amounted to 365 billion dollars. That was just the beginning. Shanghai’s explosive growth has been replicated in cities throughout China and has helped lift almost 200 million people out of poverty. In years ahead, hundreds of millions of other Chinese will ascend into middle class. This growth is important to the U.S. business and global economy. The U.S. government is absolutely committed to helping American business to gain broader access into China.