US seeks investment commitment


(MENAFN) US businesses seek for a commitment from American and Chinese officials at talks in Chicago this week to move ahead quickly on a planned investment pact between the two countries, Khaleej Times reported.

Joint Commission on Commerce and Trade meetings on December 16 to 18 are aimed at smoothing out snags ranging from beef to currency manipulation in a trade relationship worth more than USD600 billion a year.

Although there will be no formal negotiations on a bilateral investment treaty, lobbyists hope officials will build on leaders' recent commitments to speed up talks.

"We hope there is a positive statement about their intent to continue to move those negotiations forward as quickly as possible," US-China Business Council Vice President Erin Ennis said.


MENAFN

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