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USTR NEWS

UNITED STATES TRADE REPRESENTATIVE
www.ustr.gov               Washington, D.C. 20508          202-395-3230

For Immediate Release:                         Contact:
November 13, 2008                              Sean Spicer/Gretchen Hamel (202) 395-3230

China to End Restrictions on Suppliers of Financial Information Services Challenged by United States in WTO Dispute

WASHINGTON DC – United States Trade Representative Susan C. Schwab announced today that China has agreed to eliminate discriminatory restrictions on how U.S. and other foreign suppliers of financial information services do business in China, which the United States had challenged in a World Trade Organization (WTO) dispute brought earlier this year.  

“I am very pleased we have been able to sign an agreement with China today to allow financial information suppliers like Bloomberg, Dow Jones and Thomson Reuters to operate in China free of unfair restrictions that threatened to place them at a serious competitive disadvantage,” said Ambassador Schwab.  “China’s commitment to establish an independent regulator in this sector is especially important.   The independence of the regulator is critical to ensuring a legal environment that is free of damaging potential conflicts of interest.”  Please See The Full Text.

Latest Headlines From the Embassy


Welcome Remarks by Clark T. Randt, Jr. Ambassador of the United States to China
Seventh Annual Ambassador’s Roundtable Discussion on Intellectual Property Rights in China

Welcome to the Seventh Annual Ambassador’s Intellectual Property Rights Roundtable.
I was pleased to see some of you at last night’s reception and am grateful to see so many of you here at today’s event.  I especially appreciate those of you who have traveled a long way to join us in Beijing here today.  (complete text)

U.S. Food Products Company Quick to Help Communities in China

By the end of June, the company, a subsidiary of the Minneapolis-based food and agriculture products company Cargill Inc., had collected more than $1.1 million. It donated some of the funds to the China Red Cross and to the International Red Cross for relief efforts and awarded a grant to Beijing Normal University to provide psychotherapy to children affected by the earthquake. It continues to support post-earthquake reconstruction efforts. (complete text)

Two Fulbright Alumni Receive 2008 Nobel Prizes

The Department of State commends two Fulbright Program alumni, Dr. Osamu Shimomura of Japan and Mr. Jean-Marie Le Clézio of France, recipients of this year’s Nobel Prizes in Chemistry and Literature, respectively. Dr. Shimomura received a Fulbright scholarship in 1960 to conduct research at Princeton University. Mr. Le Clézio was awarded a Fulbright in 1979 to teach at the University of California - Santa Cruz. (complete text)

Both U.S. Presidential Candidates “Profoundly Shaped” by Asia

U.S.-Asian relations under the next U.S. administration are unlikely to vary much based on whether Democrat Barack Obama or Republican John McCain wins the U.S. presidential race in November, senior foreign policy advisers to both candidates say at a debate sponsored by the National Bureau of Asian Research.  (complete text)

Cargill in China Selected As Finalist for 2008 Secretary of State’s Award for Corporate Excellence

U.S. Ambassador to China Clark T. Randt, Jr., announced today that Cargill is one of eleven finalists in the Secretary of State's prestigious 2008 Award for Corporate Excellence (ACE) competition, chosen from more than 60 nominations submitted by American ambassadors around the world. ACE finalists are international business leaders who recognize the vital role that U.S. businesses play abroad as good corporate citizens. (complete text)

Remarks by Treasury Secretary on China, the Global Economy

My remarks will focus on the future of our economic relationship with China. We will soon have a new U.S. President who will face the continuing challenge and opportunity of responding to China's emergence as a global economic leader. (complete text)

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