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Bilateral¹ Investment Treaty Negotiation² to Top US-China Strategic and Economic Dialogue

Reporter:

US-China Business Council President John Frisbie says he believes the negotiations³ for the investment treaty will be an important topic between Chinese President Xi Jinping and his counterpart Barack Obama.

"More specifically, I think the bilateral investment treaty is the top priority. For the reasons that I said, there is a negotiating processed in Beijing two weeks ago from now, there is another negotiation session will take here in Washington before President Xi is here."

President Xi Jinping will make his first official state visit to the United States later this month.

Insiders believe the treaty negotiation will not only greatly spur investment potential between the two countries, but also be beneficial to US manufacturing and to China's structural⁴ reform. In June, the 19th round of negotiations saw the first exchange of negative lists, or sectors⁵ excluded from the treaty, marking new progress at the talks.

Frisbie says China and the US are going to be the main global growth drivers for years to come. He emphasizes that the Chinese market is important to US companies.

"The important is that China remains⁶ the growth drivers for American companies in spite of the economic slowdown in China. By my calculation, China is about 400 billion dollars market for American companies."

The US-China Business Council is a private, nonpartisan, nonprofit organization of over 200 American companies that do business with China.

A previous report by this council showed that China is still an important export destination of US products amid China's economic slowdown. Export volume to China reached 120 billion US dollars last year, right after Canada and Mexico.

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1 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。

2 negotiation   

n.谈判，协商

参考例句：

• They closed the deal in sugar after a week of negotiation.经过一星期的谈判，他们的食糖生意成交了。
• The negotiation dragged on until July.谈判一直拖到7月份。

3 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

4 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

5 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

6 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。