This week, Commerce Secretary Gary Locke will convene the 21st annual U.S.-China Joint Commission on Commerce and Trade (JCCT), which is our most important bilateral dialogue for resolving trade and investment issues between the two nations.
To help set the stage for this meeting, Secretary Locke recently convened a full-day policy conference at Georgetown University exploring the U.S.-China Commercial relationship -- with most discussion panels focusing on finding ways to resolve the trade disputes that animate so much of the coverage of U.S.-China commercial interaction.
It is an important discussion. China is the United States’ second-largest trading partner, with our bilateral trade in goods alone amounting to $365 billion last year. And U.S. exports to China are up more than 24 percent since 2008. Moreover, China and the U.S. are currently partnering to find solutions to some of the world's most pressing problems, including climate change and energy security.
For that reason, Secretary Locke made clear that the U.S. government welcomed continued strong growth in China as a way for China to improve the well-being of its citizens. As more and more Chinese move into the middle class, they will want world-class, American-made goods and that will mean more jobs here in the U.S. as our companies work to meet that demand.