China, U.S. Sign Agreement to Launch New International Partner Network
Posted on: Tuesday, 12 July 2005, 09:00 CDT
China, U.S. sign agreement to launch new international partner network
BEIJING, July 11 (Xinhua) -- Top officials from the China Council for the Promotion of International Trade (CCPIT) and the US Commerce Department signed a Memorandum of Understanding (MOU) Monday to launch a new US-China International Partner Network in 14 cities across China.
The MOU was signed during the US-China Joint Commission on Commerce and Trade annual meeting between Wan Jifei, Chairman of CCPIT and Tim Hauser, US Commerce Acting Under Secretary for International Trade.
"The US- China International Partner Network will foster a new relationship between the US and Chinese small and medium-sized companies in 14 key Chinese business centers, generating new opportunities for US SMEs in the China market and prosperity for both our great nations," said Hauser.
The cooperation established under the new network includes sharing and jointly preparing targeted Chinese market research and trade lead information; establishing high quality business matchmaking services for American exporters in the 14 cities; cooperating on mutually beneficial trade exhibitions and trade missions in those cities; disseminating market opportunity information to American and Chinese business representatives to facilitate US-China trade; and training CCPIT trade specialists on high quality client service standards and techniques.
"The agreement will help Chinese companies find American partners and US enterprises gain more opportunities to enter the China market, which is also helpful to change the unbalanced trade between both sides," said Yu Ping, Vice-Chairman of China Chamber of International Commerce for CCPIT.
Since China's accession to the World Trade Organization, economic and trade cooperation between China and the United States has seen rapid growth. According to statistics of the Chinese government, the bilateral trade volume in 2004 reached 169.62 billion US dollars, 2.1 times that in 2001.
Source: Xinhua News Agency - CEIS
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