Li calls for prompt US talks

China Daily (USA) - - FRONT PAGE - By HU YONGQI in Bei­jing huy­ongqi@@chi­nadaily.com.cn

Premier Li Ke­qiang called for prag­matic ef­forts to pro­mote ne­go­ti­a­tions for a high-stan­dard China-US bi­lat­eral in­vest­ment treaty as soon as pos­si­ble at a meet­ing on Thurs­day with former United States Trea­sury sec­re­tary Henry Paul­son.

Paul son, cur­rently chair­man of the Paul­son In­sti­tute, a think tank aimed at strength­en­ing US-China re­la­tions, has been a fre­quent vis­i­tor to China.

He also met with Li last month in New York, along with US ex­perts in fi­nance, me­dia and re­search, dur­ing in­ter­vals in meet­ings at the United Na­tions.

Li said China in­tro­duced the neg­a­tive list and pre-ac­cess na­tional treat­ment sys­tems into the BIT ne­go­ti­a­tions. In a slug­gish world econ­omy and with ris­ing trade pro­tec­tion­ism, strength­en­ing co­op­er­a­tion be­tween the two coun­tries sends a pos­i­tive sig­nal that pro­motes in­vest­ment and trade lib­er­al­iza­tion, he said.

Li said he hoped both sides would con­tinue to make prag­matic ef­forts to pro­mote pos­i­tive out­comes in the ne­go­ti­a­tions and that they will quickly reach agree­ment on a high-level in­vest­ment treaty.

Paul­son said his in­sti­tute will con­tinue to pro­mote bi­lat­eral re­la­tions.

“The meet­ing sends a clear mes­sage via Paul­son to the US that China wel­comes for­eign in­vest­ment, in­clud­ing Amer­i­can en­ter­prises, and that the US should up­hold trade lib­er­al­iza­tion and in­vest­ment fa­cil­i­ta­tion no mat­ter who is elected the new pres­i­dent,” said Chen Fengy­ing, a re­searcher at the China In­sti­tutes of Con­tem­po­rary In­ter­na­tional Re­la­tions.

KENZABURO FUKUHARA / REUTERS

Henry Paul­son, former Trea­sury sec­re­tary of the US, at­tends a meet­ing with Premier Li Ke­qiang at the Diaoyu­tai State Guest­house in Bei­jing on Oct 20.

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