USCIB Senior Director for Investment, Trade and Financial Services Eva Hampl provided testimony on October 3 to the interagency Trade Policy Staff Committee.
Hampl took the opportunity to speak about China 301 tariffs, noting how disruptive they are to U.S. business.
Following USCIB’s submission to the annual request by USTR for comments on China’s compliance with WTO commitments and notice of public hearing, USCIB Senior Director for Investment, Trade and Financial Services Eva Hampl provided testimony on October 3 to the interagency Trade Policy Staff Committee (TPSC).
The interagency panel was chaired by USTR and included officials from the Departments of Commerce, Treasury, State, Agriculture and Labor. The questions from the panel addressed the cybersecurity law, addressing ICT products and services as well as data flow restrictions, state-owned enterprises (SOEs), anti-monopoly law (AML) enforcement, trade secrets, agricultural biotechnology, and the import ban on recyclable materials.
“USCIB has consistently identified a number of key areas of concern, including market access, standards, transparency, subsidies, competition policy, technology transfer, and national and economic security issues,” noted Hampl during her testimony. “While small steps are occasionally made in a market opening direction, overall China appears to be ramping up its protectionism. These issues affect many U.S. sectors, including agricultural biotechnology, audiovisual, chemicals, electronic payment services, express delivery services, recoverable materials, software, and telecommunications.”
Hampl also took the opportunity to speak about the China 301 tariffs noting how disruptive they are to U.S. business. “Extensive tariff actions do not show any indication that they will in fact resolve the underlying issues and change China’s behavior regarding intellectual property theft and forced technology transfer,” warned Hampl. “In addition, as our submission lays out, there are many more issues beyond those that need to be addressed. Accordingly, high-level dialogues between the United States and China continue to be of the utmost importance.”
USCIB also submitted extensive written comments.