Chinese Vice-Premier Wu Yi met with the Commerce Secretary of United States of America, Carlos Gutierrez and Trade delegates Rob Portman at the Joint Commission on Commerce and Trade meet yesterday.
Although China and the US failed to reach an agreement on their textile row at the 16th Joint Commission on Commerce and Trade, the US side has promised to be prudent when applying safeguards against Chinese textile exports.
Both sides also expressed their intention to conduct "pragmatic" consultation as soon as possible on the thorny issue.
"We will continue to consult with Chinese officials any time on this matter," said US Commerce Secretary Carlos Gutierrez at a press conference after the meeting.
Two rounds of technical-level consultations had been held prior to yesterday's meeting, in an effort to find solutions to the textile dispute. The US has applied special safeguard import quotas on seven categories of Chinese textile exports since late May although the global system on textile quotas was abolished on January 1.
However, despite the textile impasse, both sides still regarded the meeting as fruitful, reaching consensus on a wide range of hot topics, in particular protection of intellectual property rights (IPR) and agriculture.
The two sides agreed to establish a joint committee to deal with cross-border IPR violations, a co-operation mechanism for protecting copyright of films, a dialogue mechanism between securities watchdogs and a joint working group for tourism co-operation.
The Sub-Council of Textile Industry, CCPIT
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
