Waiting a BIT for China

Via Politico Pro Trade

Shaun Donnelly, USCIB vice president for investment and financial services, spoke to Politico about the prospects of a U.S.-China Bilateral Investment Treaty as President Barack Obama and Chinese President Xi Jingping are scheduled to meet this afternoon.

Against the backdrop of President Barack Obama and Chinese President Xi Jinping’s meeting this afternoon, the window is closing on China’s pledge that it would submit an updated market access offer in its investment talks with the U.S. in March. While an offer might have come overnight, Beijing had still not put forward an updated “negative list” offer for the bilateral investment treaty by late Wednesday.

“I understand that a comprehensive, high-standard U.S.-style negative list is a new and daunting proposition for a country like China, which has a long tradition of controlling investment, both domestic and foreign, quite tightly,” said Shaun Donnelly, vice president for investment and financial services at the U.S. Council for International Business.

But it would be disappointing if the two sides missed the opportunity of Xi’s visit to make progress on the talks, he said, even though the Nuclear Security Summit is largely focused on defense and security issues.

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Staff Contact:   Eva Hampl

Senior Director, Investment, Trade and Financial Services
Tel: 202.682.0051

Eva Hampl coordinates USCIB work on investment and financial policy issues. She is responsible for issues management, policy development, secretariat support to relevant USCIB committees and participating in membership development activities. Before joining USCIB in 2014, Hampl completed a GE fellowship in its Global Government Affairs and Policy division. Prior to her fellowship she served as a trade associate with the U.S. Senate Committee on Finance.
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