Friday, March 24, 2006

U.S. official urges China to be "responsible stakeholder" in world trade system

A senior official with the U.S. Trade Representative Office (USTR) said here on Friday that China should be a "responsible stakeholder" in the world trade system.

James Mendenhall, general counsel of the USTR told business people and reporters at a business luncheon that negotiations with his Chinese counterparts earlier this week was "constructive" and will help to solve trade disputes between the two major trade partners.

The U.S. official and his colleagues talked with Chinese senior trade officials on bilateral trade ties and some disputes including intellectual property rights and auto parts trade.

Mendenhall said China has done a lot to protect intellectual property rights, he urged China to do more in that respect.

China-U.S. trade witnessed fast growth in recent years. Bilateral trade exceeded 210 billion U.S. dollars in 2005, according to Chinese customs figures.

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