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China, US open trade talks with agreements expected
(Agencies)
Updated: 2005-07-11 14:32 He credited Wu with making inroads against counterfeiters by pushing through
comprehensive IPR legislation but insisted that China had to now enforce those
rules.
"China must do more to significantly reduce infringement levels by increasing
criminal prosecutions of IPR crimes, by better protecting US films, music,
software and other products on the streets, in the stores and over the Internet,
and by helping US small businesses secure and enforce their intellectual
property rights in China," Portman said in a statement.
Chinese Vice
Premier Wu Yi, second left, U.S. Commerce Secretary Carlos Gutierrez,
second right, during a meeting of the U.S.-China Joint Commission on
Commerce and Trade, (JCCT) in Beijing July 11, 2005.
[Reuters] | The US-China trade talks take place
against a backdrop of mounting concern in Washington over Chinese policies
including an inflexible currency regime that US companies say unfairly boosts
Chinese exports.
China for its part is expected to reiterate its unhappiness at the US
imposition of safeguard import quotas by the United States after a global system
on textile quotas was abolished on January 1.
The export-driven economic powerhouse stands to lose up to US$3 billion in
trade with the US because of such WTO "safeguards" implemented by Washington on
seven categories of textiles from China.
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