ANSI - American National Standards Institute
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ANSI Submits Written Testimony on U.S.-China Economic Relations and China's Role in the World Economy

Ways and Means Committee encouraged to lead Congressional endorsement of the U.S. Standards Strategy

Washington, DC, Apr 22, 2005

The American National Standards Institute (ANSI) has submitted written testimony for the record of the U.S. House of Representatives Committee on Ways and Means following the Committee’s recent Hearing on United States-China Economic Relations and China's Role in the World Economy.

Chaired by Congressman Bill Thomas (R-CA), the Committee convened on April 14, 2005 to discuss China’s importance as an economic partner to the United States and the issues surrounding the United States - China economic relationship. The hearing focused on China’s important economic role in the world, its progress in meeting its trade commitments, and its macroeconomic policies.

Since the United States and China established diplomatic relations in 1979, China has become an increasingly important trading partner of the United States and a major player in the global economy. Two-way trade between the two countries has increased since that time, growing from $4.8 billion in 1980 to $231.42 billion in 2004. In 2004, China was the United States’ third largest trading partner, the second largest supplier of U.S. imports, and the fifth largest buyer of U.S. exports. The U.S. trade deficit with China was $162 billion in 2004. Ten percent of all U.S. trade is with China.

"China is an important player in the U.S. and global economies,” stated Chairman Thomas. "We have been able to resolve many disputes, but we face more challenges to ensure that China integrates itself into the rules-based trading system that governs all WTO members."

China became a member of the World Trade Organization (WTO) on December 11, 2001, after many years of negotiations on its accession. Since its accession to the WTO, China’s integration into the world economy has proceeded rapidly. As a result, Congress, the Administration, and the U.S. private sector have focused on China’s compliance with its WTO commitments, its trade balance, the relationship between China’s pegged currency and trade with the United States, and other macroeconomic policies.

ANSI’s testimony was submitted for consideration in response to the announcement of hearing topics that addressed China’s progress and U.S. response in the implementation of China’s WTO accession commitments, including issues relating to China’s enforcement of intellectual property rights, use of subsidies, and the use of non-tariff barriers such as standards and import licensing that affect imports, and also the relationship between trade with China and the U.S. economy, particularly the manufacturing sector.

According to David Karmol, ANSI vice-president of government affairs and public policy, the Institute’s testimony aims to assist in the mitigation of concerns about the Chinese standardization policy. It also calls for the Ways and Means Committee to offer a resolution or other legislative vehicle to enable the Congress to formally endorse the U.S. Standards Strategy as a framework that can be used by all stakeholders to advance U.S. viewpoints on global trade issues such as those arising with China and other trading partners.

To view the complete ANSI testimony, please click here.

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