ITI: US-China Summit Offers Chance to Restore Fairness for U.S., Multinational Companies
WASHINGTON – Ahead of tomorrow’s U.S.-China summit in Alaska, global tech trade association ITI’s President and CEO Jason Oxman issued the following statement:
“The Biden Administration has recognized that unfair trade and information and communications technology practices and policies by the Chinese government have undermined and disrupted competitive markets, placing U.S. and multinational companies at a disadvantage in China and globally. Those actions include massive subsidies to Chinese companies, discriminatory market access conditions, ambiguous policies that create the potential for technology transfer to Chinese companies, unequal treatment for foreign cloud service providers, and restrictions on the flows of cross-border data. The March 18 summit between Secretary of State Blinken, National Security Advisor Sullivan, Chinese Politburo Member Yang Jiechi, and Foreign Minister Wang Yi is an opportunity to continue to address these critical challenges as part of a comprehensive U.S. strategy. If these issues are successfully addressed and fair competition is restored, then businesses and consumers in the United States and around the world will benefit.”
In January, ITI issued a comprehensive, pro-innovation policy agenda the Biden-Harris Administration and U.S. Congress can adopt to help the country compete globally, including policies related to supply chain and China.
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