Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.


US and China announce export contracts

19 January 2011

Coinciding with the visit of President Hu to Washington DC, the US and China have announced a raft of export contracts for US companies.

Read more: US China exports US China trade Boeing GE Caterpillar Obama exports NEI

Coinciding with the visit of President Hu to Washington DC, the US and China have announced a raft of export contracts for US companies.

Totalling some $45 billion worth of exports, the contracts will support 235,000 jobs in the US both at large US companies, and small and medium-sized enterprises.

Highlights of the announcement include the approval of the purchase of 200 Boeing aircraft valued at a total of $19 billion; 70 contracts for $25 billion in US exports from 12 states - from autoparts to agriculture, machinery to chemicals; 11 investment contracts were signed worth $3.24 billion; and additional, transactions were announced or showcased, exceeding $13.1 billion in total value with approximately $987.8 million in US export content.

A statement from the White House says: "These cross-border collaborations, both public and private, underpin the expanding US-China commercial partnership, contributing to economic growth and development in both countries. A number of these transactions highlight the increased collaboration in such areas as clean energy and green technologies."

Click here for the full list of transactions.


Comments
  • China has a history of pirating different technologies whenever it can. What kind of assurances are there that this will not happen in these contracts? Penalties?

    Richard A. Grachus | 16 Feb 2011

View all comments

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Upcoming Events