Showing posts with label U.S. TRADE WITH CHINA. Show all posts
Showing posts with label U.S. TRADE WITH CHINA. Show all posts

Saturday, June 16, 2012

U.S.-CHINA RELATIONS


Photo Credit:  Wikimedia.
FROM:  U.S. DEPARTMENT OF STATE
U.S. Relations With China
Bureau of East Asian and Pacific Affairs
Fact Sheet
June 5, 2012
The United States seeks to build a positive, cooperative, and comprehensive relationship with China by expanding areas of cooperation and addressing areas of disagreement, such as human rights. The United States welcomes a strong, peaceful, and prosperous China playing a greater role in world affairs and seeks to advance practical cooperation with China in order to build a partnership based on mutual benefit and mutual respect. The annual Strategic and Economic Dialogue (S&ED) has served as a unique platform to promote bilateral understanding, expand consensus, discuss differences, improve mutual trust, and increase cooperation. The strategic track of the S&ED has produced benefits for both countries through a wide range of joint projects and initiatives and expanded avenues for addressing common regional and global challenges such as proliferation concerns in Iran and North Korea, the conflict between Sudan and South Sudan, and climate change. The United States has emphasized the need to enhance bilateral trust through increased high-level exchanges, formal dialogues, and expanded people-to-people ties. The U.S. approach to China is an integral part of reinvigorated U.S. engagement with the Asia-Pacific.

U.S. Assistance to China
U.S. Agency for International Development (USAID) and State’s assistance programs in China focus on four principal areas: assisting Tibetan communities; addressing the threat of HIV/AIDS and other pandemic diseases; advancing the rule of law and human rights; and supporting environmental protection and climate change mitigation efforts. U.S. assistance programs are targeted, scalable with Chinese resources, and directly address U.S. interests such as limiting the transmission of infectious diseases such as tuberculosis, malaria, HIV/AIDS, and avian influenza that pose threats throughout the region and globally. Programs in Tibetan areas of China support activities that preserve the distinct Tibetan culture and promote sustainable development and environmental conservation in Tibetan communities through grants to U.S. organizations.

Bilateral Economic Relations
The U.S. approach to its economic relations with China has two main elements: the United States seeks to fully integrate China into the global, rules-based economic and trading system and seeks to expand U.S. exporters' and investors' access to the Chinese market. Total two-way trade between China and the United States grew from $33 billion in 1992 to over $503 billion in goods in 2011. The United States is China's second-largest trading partner (after the European Union--EU), and China is the fourth-largest trading partner for the United States (after the EU, Canada, and Mexico). During the economic track of the May 2012 S&ED, the two countries announced measures to enhance macroeconomic cooperation, promote open trade and investment, enhance international rules and global economic governance, and foster financial market stability and reform.

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