Visiting Chinese Vice Premier Wang Qishan addresses the opening ceremony of the plenary session of the 21st U.S.-China Joint Commission on Commerce and Trade meeting in Washington D.C., U.S., Dec. 15, 2010. A plenary session of the annual trade talks between China and the United States opened in Washington D.C. on Wednesday.

China is committed to carrying out special campaigns to fight IPR infringements and counterfeit products, and actively advancing software legalization, according to the statement.

The U.S. side addressed Chinese concerns and promised to continue to advance its reform of the export control regime and give serious consideration to the views and opinions of the Chinese side in this process.

The U.S. also promised to observe WTO rules and exercise caution when using trade remedy measures.

"The U.S. will seriously consider the concerns of the Chinese side on market economy status and will be ready to enhance communications and exchanges with the Chinese side on this matter so that we can accelerate the process of recognizing China as a market economy," said the statement.

"The two sides, through candid exchanges and dialogues, have enhanced mutual understanding and trust and laid the groundwork for intensive, in-depth, close economic cooperation between the two countries," said Wang.

"This will surely go a long way to promote the positive, cooperative and comprehensive cooperation between China and the United States for the 21st century," he added.

The JCCT meeting has achieved "tangible" and "positive" results, said Kirk, U.S. trade representative, adding that this will help sustain the "remarkable relationship" between the two countries.

China and the United States have developed close ties in trade and economic cooperation in recent decades. Since the beginning of China's reform and opening-up some 30 years ago, China-U.S. trade has increased by over 120 folds.

According to Chinese statistics, from January to November this year, bilateral trade reached 346.9 billion dollars, surpassing that for the whole year of 2008.