US upbeat about solving trade disputes through talks
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The United States and China have the ability to solve trade disputes through talks, and can work together to contribute to the recovery of world economy, senior U.S. diplomats to China said Friday.
While the two countries have some trade frictions from time to time, "our ability to talk together and find ways to solve the problems was really significant," said economic minister counselor of the U.S. Embassy in China William Weinstein.
Responding to questions at a press conference at the embassy, Weinstein said coordination between the United States and China enjoyed fundamental stability during the past two years since global financial crisis broke out.
The two countries had many mechanisms to talk trade issues, he said, noting the two sides witnessed high-level exchange visits and several dialogue mechanisms such as the Strategic and Economic Dialogue.
As the U.S. Congress faces mid-term election later this year, Weinstein said US-China economic cooperation would be one of the focuses in the election, given high unemployment rate in the United States.
The United States would keep to its commitment made on President Barack Obama's visit to China in November, and would not roll out new measures regarding trade protection, said Chris Adams, minister counselor for trade at the embassy.
In a joint statement issued after talks between Chinese President Hu Jintao and President Obama in November, the two countries expressed their commitment to jointly fighting protectionism in all manifestations.
The United States would continue to conduct relevant dialogues with China in this regard, said Adams at the conference, which grouped several senior diplomats of the embassy.
Hailing China's performance in coping with the global financial crisis, U.S. Economic and Financial Emissary to China David Dollar said the two countries played an important role in world economy development and the reform of international financial organizations.
Bilateral trade volume hit 211 billion U.S. dollars from January to September last year.
