Posted at 6:31 PM
Transparency. Predictability. Accountability. These fundamental elements of commercial law are essential to creating a business climate at home and abroad that will foster growth and innovation. Promoting a strong commercial rule of law wherever U.S. companies do business is a high priority for Secretary Pritzker and the Department of Commerce. That’s why I am travelling to Beijing and Wuhan, China during the week of January 12 to speak to the public, academics, legal professionals, the media, Chinese government officials, and U.S. businesses about how the United States and China can work together to promote commercial rule of law.
During October’s Fourth Plenum meeting, China announced its plans for extensive and far-reaching legal reform. Those plans embraced themes that the U.S. government has been discussing with Chinese leaders for many years in the U.S.-China Joint Commission on Commerce and Trade and the Strategic and Economic Dialogue, including the Transparency Dialogue. We therefore see this as a continuation of our cooperation and an opportunity to move the conversation forward in promoting sound commercial legal principles. Next week, I will meet with Chinese government officials and U.S. industry leaders on commercial rule of law issues that fundamentally impact both of our economies.
I also will lead a U.S. delegation to the 19th U.S.-China Legal Exchange, where senior officials from the U.S. Environmental Protection Agency, the U.S. National Institute of Standards and Technology and the Federal Trade Commission will share U.S. experiences in regulating air pollution and promoting data security.
At the Beijing American Center and at Wuhan University, I will deliver remarks on how the United States and China can work together to advance the transparent, accountable, and predictable commercial legal system needed to promote a strong and innovative economy-- discussing both the history of our engagement and the opportunity to strengthen the commercial rule of law presented by the Fourth Plenum announcements.