300 deals reached at China-US dialogue
By Catherine Wong Tsoi-lai Source:Global Times Published: 2015-6-26 0:33:01
New ‘negative list’ to come out after Xi visit
US Secretary of the Treasury Jacob Lew whispers to US Secretary of State John Kerry on Wednesday at the Department of State in Washington, DC. Officials from the US and China participated in the seventh annual China-US Strategic and Economic Dialogue to discuss bilateral issues. Photo: AFP
The nearly 300 economic and strategic agreements reached between China and the US during the high-level summit in Washington, DC on Wednesday reflect the multifaceted and progressive nature of Sino-US relations amid concerns over strained ties and security issues, said analysts.
Among the agreements was a new "negative list" with updated items to be released in early September after President Xi Jinping's upcoming September visit to the US. The list outlines sectors closed to foreign investment, and are part of the negotiations on a Bilateral Investment Treaty already seven years in the making.
Agreements reached in this year's Seventh China-US Strategic and Economic Dialogue (S&ED) and the Sixth China-US High-Level Consultation on People-to-People Exchange included some 70 items covering economic cooperation, more than 100 on the strategic track, and 119 on cultural exchanges.
Speaking at the closing ceremony, Chinese Vice Premier Wang Yang said that during the two-day S&ED talks, the two sides conducted "candid and in-depth exchanges."
Both sides discussed how to build a new type of major-country relationship, and to enhance cooperation in the Asia-Pacific region as well as globally, he said.
"The number of outcome items and the variety of areas they covered reflect the complexity and multifaceted nature of Sino-US relations, and proves the economic and strategic interdependence of the two countries," Zha Xiaogang, a research fellow at the Shanghai Institute for International Studies, told the Global Times.
The 'rule-maker'
The "negative list" to be reached between the world's two biggest economies has shown that the two countries are forming the core of the new model of major-country relationships, Zha noted, adding that China has evolved from being the "rule-abider" to "rule-maker" in influencing the course of international trade.
The two countries pledged to expand cooperation on the landmark agreement on combating climate change reached during Xi's meeting with US President Barack Obama in November 2014, including a five-year extension of the Clean Energy Research Center.
New cooperation areas were also discussed for the first time as officials from both countries held a special session on ocean protection under the framework of the dialogue, involving measures to promote maritime research, development, maintenance and protection, to expand cooperation between maritime enforcement agencies from both countries, and to combat illegal and unregulated fishing, among others.
The S&ED came at a time of heightened concerns that bilateral ties may have been strained over issues like the South China Sea and the establishment of the Asian Infrastructure Investment Bank (AIIB).
Zha believes the meeting has offered a platform of communication in clearing up mistrust and misunderstandings so as to prevent the deterioration of bilateral relations.
"In areas like climate change, where there is no established order or predominant forces, the two countries can enjoy more space in exploring the rules and mode of cooperation under common interest," noted Zha.
For his part, US Treasury secretary Jacob Lew said the US would keep pressing China to move to a market-determined exchange rate, even after Beijing's commitment at the talks to intervene in currency markets only in "disorderly market conditions," reported Reuters.
Fundamental issues
Meanwhile, experts believe concerns over issues with fundamental differences remain, and that "expecting them to be solved in a two-day meeting is an unrealistic expectation."
US Secretary of State John Kerry said the US remained "deeply concerned" about cyber incursions, and that the country has "a strong national interest" in freedom of navigation and overflight in the South China Sea.
China's State Councilor Yang Jiechi said the two countries should work together on cyber security and called on Washington to be "impartial and objective" when it comes to the South China Sea.
"The growing number of agreements this year has proven that the mechanism of the dialogue has matured over the last seven years of development. The meeting this year is also critical in paving the way for Xi's upcoming talk with Obama in which more important and concrete results will be announced," Liu Weidong, an expert on US studies at the Chinese Academy of Social Sciences, told the Global Times.
But he said long-term differences cannot be solved overnight, as "the purpose of this meeting serves more to seek consensus than to resolve conflicts."
"But the meeting is still critical in showing the two countries' active and open attitude," he said.
Reuters contributed to this story
http://www.worldaffairsjournal.org/content/us-china-reach-300-strategic-and-economic-agreements-following-summit
By Catherine Wong Tsoi-lai Source:Global Times Published: 2015-6-26 0:33:01
New ‘negative list’ to come out after Xi visit
US Secretary of the Treasury Jacob Lew whispers to US Secretary of State John Kerry on Wednesday at the Department of State in Washington, DC. Officials from the US and China participated in the seventh annual China-US Strategic and Economic Dialogue to discuss bilateral issues. Photo: AFP
The nearly 300 economic and strategic agreements reached between China and the US during the high-level summit in Washington, DC on Wednesday reflect the multifaceted and progressive nature of Sino-US relations amid concerns over strained ties and security issues, said analysts.
Among the agreements was a new "negative list" with updated items to be released in early September after President Xi Jinping's upcoming September visit to the US. The list outlines sectors closed to foreign investment, and are part of the negotiations on a Bilateral Investment Treaty already seven years in the making.
Agreements reached in this year's Seventh China-US Strategic and Economic Dialogue (S&ED) and the Sixth China-US High-Level Consultation on People-to-People Exchange included some 70 items covering economic cooperation, more than 100 on the strategic track, and 119 on cultural exchanges.
Speaking at the closing ceremony, Chinese Vice Premier Wang Yang said that during the two-day S&ED talks, the two sides conducted "candid and in-depth exchanges."
Both sides discussed how to build a new type of major-country relationship, and to enhance cooperation in the Asia-Pacific region as well as globally, he said.
"The number of outcome items and the variety of areas they covered reflect the complexity and multifaceted nature of Sino-US relations, and proves the economic and strategic interdependence of the two countries," Zha Xiaogang, a research fellow at the Shanghai Institute for International Studies, told the Global Times.
The 'rule-maker'
The "negative list" to be reached between the world's two biggest economies has shown that the two countries are forming the core of the new model of major-country relationships, Zha noted, adding that China has evolved from being the "rule-abider" to "rule-maker" in influencing the course of international trade.
The two countries pledged to expand cooperation on the landmark agreement on combating climate change reached during Xi's meeting with US President Barack Obama in November 2014, including a five-year extension of the Clean Energy Research Center.
New cooperation areas were also discussed for the first time as officials from both countries held a special session on ocean protection under the framework of the dialogue, involving measures to promote maritime research, development, maintenance and protection, to expand cooperation between maritime enforcement agencies from both countries, and to combat illegal and unregulated fishing, among others.
The S&ED came at a time of heightened concerns that bilateral ties may have been strained over issues like the South China Sea and the establishment of the Asian Infrastructure Investment Bank (AIIB).
Zha believes the meeting has offered a platform of communication in clearing up mistrust and misunderstandings so as to prevent the deterioration of bilateral relations.
"In areas like climate change, where there is no established order or predominant forces, the two countries can enjoy more space in exploring the rules and mode of cooperation under common interest," noted Zha.
For his part, US Treasury secretary Jacob Lew said the US would keep pressing China to move to a market-determined exchange rate, even after Beijing's commitment at the talks to intervene in currency markets only in "disorderly market conditions," reported Reuters.
Fundamental issues
Meanwhile, experts believe concerns over issues with fundamental differences remain, and that "expecting them to be solved in a two-day meeting is an unrealistic expectation."
US Secretary of State John Kerry said the US remained "deeply concerned" about cyber incursions, and that the country has "a strong national interest" in freedom of navigation and overflight in the South China Sea.
China's State Councilor Yang Jiechi said the two countries should work together on cyber security and called on Washington to be "impartial and objective" when it comes to the South China Sea.
"The growing number of agreements this year has proven that the mechanism of the dialogue has matured over the last seven years of development. The meeting this year is also critical in paving the way for Xi's upcoming talk with Obama in which more important and concrete results will be announced," Liu Weidong, an expert on US studies at the Chinese Academy of Social Sciences, told the Global Times.
But he said long-term differences cannot be solved overnight, as "the purpose of this meeting serves more to seek consensus than to resolve conflicts."
"But the meeting is still critical in showing the two countries' active and open attitude," he said.
Reuters contributed to this story
http://www.worldaffairsjournal.org/content/us-china-reach-300-strategic-and-economic-agreements-following-summit
Today at 6:53 am by Rocky
» MM&C The Iraqi Private Banks Association told NEWS: These are the results of the Prime Minister’s me
Today at 6:52 am by Rocky
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
Today at 6:51 am by Rocky
» Deputy: The general amnesty law will be passed
Today at 6:46 am by Rocky
» A change in the fuel smuggling map... “control” over the central ports and “laxity” in the north
Today at 6:43 am by Rocky
» Al-Sudani takes three urgent decisions to block the wheat mafias in Iraq
Today at 6:41 am by Rocky
» Electricity embarks on an 11-axis plan to develop the energy sector
Today at 6:39 am by Rocky
» “Thug and smuggler.” A female representative talks about a crocodile in Parliament blackmailing exec
Today at 6:37 am by Rocky
» Al-Sudani told the US State Department: Iraq is keen to strengthen its democratic system
Today at 6:36 am by Rocky
» The Central Bank sells more than $275 million at auction today
Today at 6:34 am by Rocky
» The Minister of Commerce stresses the observance of the Iraqi standard in the supply of goods
Today at 6:33 am by Rocky
» The Iraqi Trade Bank announces its participation in the process of localizing the salaries of Kurdis
Today at 6:32 am by Rocky
» Iraq adopts an advanced system to combat money laundering and terrorist financing
Today at 5:25 am by Rocky
» Increase in Euphrates River levels due to Turkish water releases
Today at 5:22 am by Rocky
» Demands the need to legislate the capital law
Today at 5:21 am by Rocky
» Parliament decided to extend the legislative term by one month
Today at 5:20 am by Rocky
» A bank participating in the process of localizing the salaries of employees in the region
Today at 5:18 am by Rocky
» Parliamentary request to the Ministry of Finance regarding defense mobilization dues/document
Today at 5:17 am by Rocky
» Dollar prices in Baghdad and Kurdistan today
Today at 5:16 am by Rocky
» Al-Rasheed decides to increase the ceiling for granting “construction” loans to 75 million dinars
Today at 5:14 am by Rocky
» A government plan to expand the construction of water harvesting dams
Today at 5:12 am by Rocky
» Frozen or banned? An Iranian official reveals the fate of Tehran’s money in Baghdad
Today at 5:11 am by Rocky
» The Iraqi Trade Bank participates in the process of localizing the salaries of Kurdistan Region empl
Today at 5:10 am by Rocky
» Finance confirms the Iraqi government's desire to benefit from the expertise of French companies
Today at 5:09 am by Rocky
» After targeting its branch in Kurdistan... Dana Gas announces a decrease in its profits to $38 milli
Today at 5:08 am by Rocky
» A parliamentary understanding to extend the legislative term to approve the 2024 budget schedules
Today at 5:08 am by Rocky
» Stopping the Commission’s procedures regarding the region’s elections
Today at 5:06 am by Rocky
» Foreign oil companies violate Iraqi laws
Today at 5:05 am by Rocky
» The position of Speaker of Parliament depends on the political agreement
Today at 5:04 am by Rocky
» The Ministry of Finance decides to send the April salary to the Kurdistan region
Today at 5:02 am by Rocky
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
Today at 5:01 am by Rocky
» 88 projects awaiting resolution.. What will happen to the stalled laws in Parliament? - Urgent
Today at 5:00 am by Rocky
» Al-Sudani receives the US Undersecretary of State
Today at 4:59 am by Rocky
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
Today at 4:57 am by Rocky
» Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video)
Today at 4:56 am by Rocky
» An expert comments on the use of the Iraqi currency in commercial transactions with Iran
Today at 4:54 am by Rocky
» Why does Iraq depend on foreign banks for dollar transfers?
Today at 4:53 am by Rocky
» Deputy: The fuel smuggling map in Iraq has “radically changed” from what it was years ago
Today at 4:52 am by Rocky
» Petroleum Products announces a decrease in gasoline imports by about 8 million liters
Today at 4:51 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Today at 4:49 am by Rocky
» Complete decisions of the Council of Ministers session
Today at 4:48 am by Rocky
» Al-Sudani chairs the first meeting to restructure the government apparatus
Today at 4:47 am by Rocky
» The National University holds its second international scientific conference with the participation
Today at 4:46 am by Rocky
» Parliamentary proposals to extend the legislative term of the House of Representatives to resolve th
Today at 4:45 am by Rocky
» Hanoun: We are working on preparing a six-year strategy to combat corruption based on technology
Today at 4:44 am by Rocky
» The Ministerial Council for the Economy decides to stop the import of 6 crops due to their abundance
Today at 4:42 am by Rocky
» Minister of Industry: He turned to Chinese companies to supply Iraq with spongy iron ores
Today at 4:42 am by Rocky
» A foreign report reveals the existence of an undeclared Iraqi-British agreement regarding asylum see
Today at 4:41 am by Rocky
» “Fares Issa” visits the Ministry of Finance and Economy in the Kurdistan Region
Today at 4:39 am by Rocky
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
Today at 4:38 am by Rocky
» The position of Speaker of Parliament.. Representatives confirm: “There is no amendment to the bylaw
Today at 4:36 am by Rocky
» Demands to put an end to foreign workers
Today at 4:34 am by Rocky
» Iranian official: We do not have frozen funds in Iraq
Today at 4:33 am by Rocky
» Entering 31 countries in the world without a visa.. A look at the Iraqi passport during 2024
Today at 4:32 am by Rocky
» An Iranian plan to export goods to Iraq worth $3 billion
Today at 4:31 am by Rocky
» The Board of Commissioners decides to suspend the technical and financial procedures for the Kurdist
Today at 4:29 am by Rocky
» Baghdad Governorate approves the two paths of the development road
Today at 4:28 am by Rocky
» Mawazine publishes the full decisions of the Council of Ministers at its session today
Today at 4:26 am by Rocky
» Asaib: The Sunnis are accustomed to having an external actor leading them
Today at 4:25 am by Rocky
» The Iranian ambassador in Baghdad: The Sudanese government enjoys the support of the Shiite and Sunn
Today at 4:24 am by Rocky
» Politician: Representatives of Taqadum “hurt” Al-Halbousi and their party
Today at 4:23 am by Rocky
» “Deficit” is the password.. Parliamentary Finance decodes the budget delay
Today at 4:22 am by Rocky
» Al-Sudani: The tourism sector will be a substitute resource for oil in the coming years
Today at 4:20 am by Rocky
» Finance confirms the Iraqi government's desire to benefit from the expertise of French companies
Today at 4:19 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Yesterday at 5:10 pm by Rocky
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
Yesterday at 8:06 am by Rocky
» A deputy in finance expects the Council of Ministers to approve the budget schedules in today’s sess
Yesterday at 8:02 am by Rocky
» A deputy resolves the controversy over the “transfer supplement” in two ministries
Yesterday at 8:01 am by Rocky
» Al-Halbousi’s “vacant” seat.. Will the coordination framework end the “Taqaddum” dream of an allianc
Yesterday at 7:59 am by Rocky
» The Federal Government issues a state order to stop the Commission’s work procedures regarding the K
Yesterday at 7:57 am by Rocky
» Including the freedom to choose the bank and withdraw the salary for “free”... “My Account” features
Yesterday at 7:55 am by Rocky
» The Central Bank sells more than $250 million during its daily auction
Yesterday at 7:51 am by Rocky
» Al-Sudani receives a delegation from the Union of Arab Banks
Yesterday at 7:44 am by Rocky
» Iraq and the United States of America hold trade meetings in Washington
Yesterday at 7:43 am by Rocky
» In pictures... The activities of the Union of Arab Banks conference in Baghdad, “Day Two”
Yesterday at 7:42 am by Rocky
» The Director General of Ports announces the completion of berths (3) and (4) in Al-Faw Grand Port
Yesterday at 7:40 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Yesterday at 7:38 am by Rocky
» Parliament publishes the agenda of its session for next Thursday
Yesterday at 7:37 am by Rocky
» A government measure to reduce "money laundering" using the buying and selling of real estate in Ira
Yesterday at 7:35 am by Rocky
» Iraq proposes establishing a specialized council to combat corruption in Arab countries
Yesterday at 7:32 am by Rocky
» Al-Mawarid intends to establish infrastructure and investment projects for the water sector in Iraq
Yesterday at 7:30 am by Rocky
» The Federal Court issues a decision regarding postponing the election of the Speaker of the House of
Yesterday at 7:28 am by Rocky
» A government meeting to discuss financing and implementation mechanisms for the Development Road Pro
Yesterday at 5:12 am by Rocky
» Al-Sudani: Iraqi banks are on the right track with financial transfers
Yesterday at 5:11 am by Rocky
» Al-Khazali: The Turkish side is still imposing its conditions on Iraq
Yesterday at 5:08 am by Rocky
» Rights: We refuse to amend the bylaws of Parliament under political influence and desires
Yesterday at 5:07 am by Rocky
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
Yesterday at 5:05 am by Rocky
» Today, Iraq and Iran signed the minutes of a joint meeting related to trade
Yesterday at 5:03 am by Rocky
» KPMG International begins auditing the revenues of telephone companies operating in Iraq
Yesterday at 5:02 am by Rocky
» Oil: The seventh batch of equipment for the gas manufacturing project in the Nasiriyah and Gharraf f
Yesterday at 5:01 am by Rocky
» Al-Sudani assures the French ambassador of Iraq’s openness to “fruitful” partnerships
Yesterday at 5:00 am by Rocky
» Government move to install gold screening devices at 4 airports
Yesterday at 4:59 am by Rocky
» Sudanese Advisor: The oil sector is witnessing a rapid renaissance
Yesterday at 4:58 am by Rocky
» Opening offices specialized in employing people with disabilities
Yesterday at 4:57 am by Rocky
» Infrastructure and investment projects for the water sector in Iraq
Yesterday at 4:56 am by Rocky
» Adopting the electronic system in the next census
Yesterday at 4:55 am by Rocky
» Al-Sudani chairs the first meeting to restructure the government apparatus
Yesterday at 4:54 am by Rocky
» Business Council: Efforts to open a branch of the Chinese Bank in Iraq
Yesterday at 4:53 am by Rocky
» Iraqi diplomacy is balanced openness
Yesterday at 4:52 am by Rocky