AmCham China supports investment treaty progresses
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E-mail Xinhua, October 24, 2013
A U.S.-China investment treaty (BIT) could increase investment flow, said the American Chamber of Commerce in China (AmCham China) on Thursday.
It can provide better market access and investment protection for investors in both countries, said an AmCham China report, "Challenges and Opportunities in China's Investment Environment".
AmCham China strongly supports prioritization of and steady progress on a U.S.-China BIT.
The tenth round of treaty negotiations between China and the United States runs Oct. 21 to 25. It is the first since the fifth strategic and economic dialogue in July this year, when commitment was made to the next stage of BIT negotiations as an excellent opportunity for the United States and China to discuss reform of inbound foreign direct investment (FDI) approval and reciprocity. This is especially relevant as China seeks to significantly expand outbound investment.
AmCham China hopes the final agreement makes minimal exceptions to national treatment and allows private, state-owned, foreign and domestic companies to compete on a level playing field. The FDI approval process is a top concern of American enterprises in China.
AmCham-China is a non-profit organization that represents U.S. companies and individuals doing business in China. Its membership comprises more than 3,500 individuals from over 1,000 companies, according to the organization's website.
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