President Xi and President Trump concluded a successful and constructive discussion at the working dinner in Buenos Aires, on December 1st, 2018. It was announced that both leaders agreed to halt any introduction of new tariffs, begin negotiations andactions to address trade imbalances, and work together to reach a consensus on trade, investment and technology related issues.
The China General Chamber of Commerce – USA (CGCC) welcomes the result of this highly anticipated meeting as it demonstrated each country’s willingness to cooperate and seek compromise for the benefit of both nations. The United States and China are the world’s two largest economies with yet different economic structures and comparative advantages. In the past four decades, companies from the US and China have achieved tremendous economic synergies and developed common interests, creating millions of jobs and economic growth across the globe. Today, the US-China relationship has become one of the most important bilateral relationships in the world. Peaceful cooperation plays a critical role in the prosperity and stability of the global economy. A robust bilateral economic relationship is of vital importance to CGCC’s member companies’ success in the US market, in addition to businesses and consumers on both sides of the Pacific. China has remained committed to opening its markets up to foreign investment and trade, and Chinese companies investing in the US continue to contribute to the growth of local US economies across the US.
While challenges still exist in reaching a final agreement, CGCC will continue to innovate and build more partnerships between the US and China and encourage more dialogue to advance compromise amongst policymakers at every level of government. CGCC and its 1500 Chinese and US member companies remain committed to connecting people, building trust, and expanding cooperation between China and the United States.
Founded in 2005, the China General Chamber of Commerce-USA (“CGCC”) has been recognized as the largest and most influential non-profit organization representing Chinese enterprises in the US. Its membership consists of 1,500 Chinese and US companies, 54 of which are ranked on the 2018 Fortune Global 500. CGCC’s mission is to create value, generate economic growth and enhance cooperation between US and Chinese business communities. As of 2018, CGCC Chinese member companies have cumulatively invested over $120 billion and directly employ more than 200,000 and indirectly employ over 1,000,000 people throughout the United States.
CGCC is a nationwide organization and includes CGCC-New York (CGCCUSA-HQ), CGCC-Chicago, CGCC-Houston, CGCC-Los Angeles, CGCC-San Francisco and CGCC-Washington D.C.