This week, U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman will be in Chicago for the 25th session of the U.S.-China Joint Commission on Commerce and Trade (JCCT), which will take place from December 16-18, 2014. Secretary Pritzker and U.S. Trade Representative Michael Froman will host a high-level Government of China delegation, and for the first time, the JCCT schedule includes a full day of events designed to facilitate private sector engagement with officials from the U.S. and Chinese governments. U.S. Secretary of Agriculture Tom Vilsack will also participate. The goal of this enhanced program is to expand the scope of the JCCT with engagement between businesses from both countries.
The program will include a roundtable discussion on bilateral investment hosted by the U.S. Chamber of Commerce and the Paulson Institute; a luncheon to celebrate the Gateway Cities partnership hosted by World Business Chicago (comments from the luncheon will be streamed live here); a cooperative travel and tourism program hosted by the U.S. Travel Association; and a discussion on developing a shared vision of economic leadership hosted by The Chicago Council on Global Affairs that will include remarks from Secretary Penny Pritzker, Ambassador Michael Froman, and Vice Premier Wang Yang (the discussion will be streamed live here).
During the luncheon, WBC will welcome five Chinese vice mayors who have collaborated on the Gateway Cities Partnership, an agreement to expand trade and investment cooperation, strengthen communication, enhance trust, boost economic development, and create jobs between China and Chicago. These officials include:
- Huang Kai, Shenyang
- Xie Shuangcheng, Hangzhou
- Liu Mingjun, Qingdao
- Fu Yonglin, Chengdu
- Liu Yingzi, Wuhan
- Liu Dianxun, Director General of CIPA (Ministry of Commerce)
Increasing opportunities for trade between Chicago businesses and their Chinese counterparts is critical to Chicago’s continued economic growth.
“We are thrilled that Chicago will serve as the host city,” said Chicago Mayor Rahm Emanuel. “Chicago has become the economic gateway for eight cities in China and we look forward to an ongoing conversation that will highlight the importance of economic partnerships, not only between the United States and China, but locally as well. The importance of global trade to our City’s economic growth cannot be overstated, and this summit will help highlight how Chicago and the nation can become stronger trade partners with China well into the future.”
In conjunction with the JCCT delegation, WBC and the City will host a number of events to showcase the region’s position as a leader in manufacturing, infrastructure and tourism. China is the Chicago area’s largest global trade partner. Facts on Chicago’s ties with China are highlighted here.
This is the first time since 2008 that the JCCT has been held outside of Washington, D.C. in the U.S.
Established in 1983, the JCCT is the primary forum for addressing bilateral trade and investment issues and promoting commercial opportunities between the United States and China. High-level plenary meetings are held annually and are co-chaired by the U.S. Secretary of Commerce, the U.S. Trade Representative, and the Chinese Vice Premier in charge of trade and investment issues. Sixteen JCCT Working Groups meet throughout the year to address topics such as intellectual property rights, agriculture, pharmaceuticals and medical devices, information technology, and travel and tourism.
Read the press release from the U.S. Department of Commerce here.