US to boost high-tech trade with China
Updated: 2006-06-10 08:53
The Bush administration is to revise laws to facilitate export of hi-tech
equipment to China under a new policy designed to narrow its ring trade gap with
the world's fastest growing economy.
The new policy will spare the need for US
exporters in such sectors as semiconductor equipment and electronics to apply
for licenses for sales to Chinese companies, according to an AFP report on
commerce for industry and security David McCormick, seen here in November
2005. The United States said it would revise laws to facilitate export of
sensitive high technology equipment to China under a new policy designed
to prevent such products from being used for military purposes.
And, the administration will also ensure closer scrutiny of key technology
purchasers in China, a senior US Department of Commerce official said.
The changes to Washington's so-called China Export Control Policy will
achieve "growth in civilian high-tech trade and enhanced security,"
undersecretary of commerce for industry and security David McCormick said.
"These changes to technology export controls for China are a 'win-win'", he
told a forum of the Washington-based Center for Strategic and International
Studies. He said Washington would encourage other nations to take similar
The new policy, McCormick emphasized, would prevent exports of US
technologies for incorporation into the weapons systems in China.
For example, he said that the cutting edge composite technology that helps
China build commercial aircraft willll not find its way into the Super-7 next
generation fighter aircraft.
US high-tech exports to China last year reached US$12 billion dollars and the
new licensing flexibility would further open up "potentially hundreds of
millions of dollars" worth of American sales to Chinese companies, McCormick
McCormick said the United States would not use a wide-ranging "catch-all
regulation" under the new policy to prevent exports of technologies for
incorporation into Chinese weapons systems.
It will not subject "everything from fountain pens to office furniture" to