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China takes key step to resolve market access dispute with US
BEIJING, May 23 : China has agreed to give the Untied States a list of all of its trade bans, import controls and quotas within two months, a key step toward resolving market access disputes, a US official said Friday, reports AT
Assistant US Trade Representative Joseph Massey said Chinese negotiators also proposed eliminating certain Import licensing requirements according to a timetable and reducing some tariffs that have been raised since 1988.
He made his comments following two days of talks with Chinese trade officials. It was
the fourth round of ncgotla-tions between the two countries since the United States set an Oct 10 deadline for settling market access disputes.
This round in many respects was among the most constructive and productive," Massey told a news conference.
But he said Chinese and US trade negotiators still have a long way to go to resolve market access differences.
"There are many of these barriers that they really haven't figured out — that they don 1 have a grip qn,",Massey said.
The talks came as the dead-
Une nears for US President Bush to renew China s most-favoured nation trade status, which entitles China to low US tariffs.
China's trade surplus with the United States and the market access disputes have become major irritants in US-China relations. The United States said it had a trade deficit of 12.7’billion dollar last year with China, second only to Japan.
Massey compared US complaints over market access in China to disputes American trade negotiators have had with Japanese officials.
"We haven't always known with Japan either what the barriers have been," he said. "It’s been a succession of peeling away the skin of the onion. Maybe we’re at a some what crustier outer skin with the Chinese now."
The Ust of all products covered by bans, restrictions and quotas will enable US negotiators to know more about the Chinese system so they can press for specific changes. Massey said. One of the major US complaints is over secret Chinese trade regulations that pose barriers to American traders.
The Chinese proposed a timetable for eliminating Import licensing on 53 product categories, Massey said. He refused to give specifics, saying the issue was under negotiation.
The Chinese also listed 90 items on which the government had increased tariff rates since 1988 and proposed possible reductions on those, he said.
If the market access disputes arc not solved by the US deadline, China could face higher Import tariffs on its goods sold in the United States.