Us Congressman Urged White House To Restart Trade Dialogue Between The US And China

A senior Republican member of the house of Representatives has put pressure on the White House to take a more radical approach.

David Kamp, chairman of the Ways and Means Committee, accused the Obama administration of "lack of action" in the US China investment agreement, saying "this is confusing and damaging to the United States."

Camp said at the National Press Club in Washington: "we are sitting on the sidelines again, and our trading partners are actively moving forward. Many of them have signed investment agreements with China so that their investors have more rights in China than investors in the US."

The negotiations between China and the United States for reaching a bilateral investment agreement have been stagnant since the start of 2008, when the last year of the Bush administration was intensified, and the trade frictions between the two global economic powers intensified.

Camp called for bilateral investment agreements to be part of the US trade policy with China.

He also said that Congress's close attention to currency manipulation has "missed the much bigger problem between China and China".

He said China "blatantly ignores its international obligations and seize all opportunities to impede fair trade".

US President Barack Obama (Barack Obama) and Chinese President Hu Jintao held a summit in the White House last month. In a joint statement, China and the United States said they were committed to a bilateral investment agreement, "to promote pparency and predictability for both investors and support an open global economy by promoting and protecting investment."

Speaking on Wednesday, Camp also held a hearing on US trade policy, heard the testimony of Ron Kirk, and urged it to speed up the pace of free trade agreements with South Korea, Panama and Columbia.

The Republicans hope that the three free trade agreements can be submitted to Congress within six months.

Although Kirk said the approval process for the US ROK free trade agreement would be launched in the next few weeks, he revealed that there were still serious problems in the free trade agreement between the United States and Columbia and Panama, involving "the core values and interests of the United States, such as the protection of labor rights and interests".