Bush asked China to abide by its WTO commitments
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Last Update: 2002-02-22
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Source: Internet
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Author: User
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Lead: Reuters news President Bush on Thursday asked China to abide by its commitment to join the World Trade Organization (WTO) and promote free trade U.S officials say China has set obstacles to U.S agricultural products with the proposed regulations on genetically modified food, and has been slow to implement WTO commitments such as intellectual property protection "As a full member of the WTO, China is now a full trading partner in the global trading system, and will have the power and responsibility to adapt to and implement the rules of open trade," President Bush said at a press conference held after talks with Chinese President Jiang Zemin The United States has become China's second largest trading partner after Japan, while China is the fourth largest trading partner of the United States, with a total bilateral trade volume of more than 80 billion US dollars last year President Bush, who arrived in Beijing on Thursday for a two-day visit, said the United States should develop trade relations with China U.S officials said at a meeting with President Jiang Zemin, Bush raised the issue of China's planned gene food law, which threatens U.S soybean exports of $1 billion a year, but the issue has yet to be resolved Following Thursday's meeting, Jiang said the two countries have agreed to hold dialogue on regional economic and financial issues and hold an economic and trade conference this year.
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