China and USA agree to accelerate the negotiations on the bilateral investment treaty (BIT), which will stipulate how and which field enterprises invest in another country.
The treaty will be implemented in Chinese four pilot free trade zones, Shanghai, Guangdong, Tianjin and Fujian. If implemented, the treaty will bring in great vitality for some investment fields with little interest.
The talk between China President Xi Jinping and USA president Obama has promoted the negotiations about Bilateral Investment Treaties. Meanwhile，the business leaders also make lobbying so as to set up closer economic contact between China and USA.
Professor of Shanghai University of Finance and Economics Zhao Xiaolei said “The negotiations on bilateral investment treaty will greatly promote the development of free trade zones if making a further move.” American investors are eager to get larger share in China market while China enterprises are looking for business opportunities overseas. Therefore, bilateral investment treaty is good to China and USA.
Vice –president of Zhangjiang Pingtai Economic Research Institution, Zhu Dan said that foreign investors shall have a much better learning about China market rather than just complaining about the limited opportunities.
Zhu Dan said “We rarely see foreign investors making use of free trade zone superiority to assist Chinese enterprises to expand overseas. It is also a great opportunity if foreign investors can set up a partnership with domestic enterprises to expand market abroad.”
On the eve of President Xi Jinping’s state visit to USA, 94 American business leaders, including Warren Buffett, Apple CEO Tim Cook and Facebook founder Mark Zuckerberg, jointly wrote a letter to China and USA presidents. Sino-USA BIT is expected to be ranked as the priority issue in the meeting and to make a great progress during President Xi Jinping’s state visit. It is extremely rare in American commercial circles that business leaders together put forward clear appeal about Sino-USA economic cooperation issues. Meanwhile, more people will possess positive expectation about the approaching BIT.
Haiwei Plaza, with the multifunction of storage, office, commerce and exhibition etc, is located in the latest approved Tianjin free trade zone and will be put into use very soon. Undoubtedly, Haiwei Plaza plays build-up effect about the enterprises covering to cross-border e-commerce and finance innovation, and is also the first choice for enterprises dealing with light goods processing, entrepot trade and other areas. Tianjin free trade zone is the bridgehead for American capitals to get Chinese splendid market. China market also would like to accept international commodities. Anti-driving market is helpful to improve product quality, strengthen the service, increase economy and optimize the social structure.
The promotion of bilateral investment treaty will bring in more and more opportunity for China and USA. The advantages of Free trade zones will surely change China economic structure and optimize the civilian life.
