China vows to strengthen protection of IPR
Representatives of China promised that more efforts will be made to protect intellectual property rights in the 23rd session of the US-China Joint Commission on Commerce and Trade (JCCT), which concluded on Wednesday.
The world’s two largest economies met in Washington, DC in their first annual trade talks since the election of Xi Jinping to the post of General Secretary of the Communist Party in China.
Chinese officials pledged to crack down on piracy by ensuring their government and major financial institutions only use legal software in their operations.
Wang Qishan, China’s Vice Premier, said that China had succeeded in addressing US concerns about IPR protection since their last meeting. He described the US and China as two "highly complementary", adding that "neither can thrive without the other.''
A statement on the United States Department of Commerce website said: “The US officials announced meaningful progress on key elements of the US-China trade relationship but also underscored that much more work remains to be done to open China’s market to US exports and investment.”
Acting US Secretary of Commerce Rebecca Blank said that the talks were successful in allaying US concerns about the certification of foreign products, adding that the superpowers would mutually benefit if China eased its export regulations.
She said: “We made progress today, though we also recognized that there is still work to do. Among other important outcomes, we were able to address US concerns relating to intellectual property and innovation.
“As China continues to open its market to American exports and investment, it will benefit both of our countries.”
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