SHANGHAI, Nov. 18 /PRNewswire-Asia/ --
AmCham Shanghai welcomed President Obama's focus on open markets, clean energy initiatives, reviving global economic growth and high-level bilateral engagement between the United States and China during this week's visit to Shanghai and Beijing.
"Commitments made by presidents Obama and Hu to fight protectionism on both sides of the Pacific and to advance open trade and investment are strongly supported by the American business community in China," said Chairman of AmCham Shanghai J. Norwell Coquillard. "We were also pleased the president included Shanghai on his first visit to China as president. Shanghai is emerging as the Asia-Pacific region's commercial hub and his visit reflects the growing importance of Shanghai and the Yangtze River Delta to the US-China commercial relationship."
Announcements advancing US-China cooperation on clean energy were also warmly welcomed by AmCham Shanghai and its membership.
"The launch of the U.S.-China Energy Efficiency Action Plan, the Electric Vehicle Initiative and a joint $150 million commitment to the U.S.-China Clean Energy Research Center are all steps in the right direction on this important issue," stated Brenda Foster, president of AmCham Shanghai. "Working with China to advance clean energy and green technologies is a win/win for the U.S. that will contribute to a more sustainable global environment and create American jobs and opportunities for American companies."
AmCham Shanghai will act as a platform for companies, governments, NGOs and technical experts as the US and China continue to work together to accelerate the greentech market, projected to be a $1.5 trillion market in China alone within the next four years.
Underpinning these important initiatives is a commitment by the US and China to regular exchanges between the leaders of the two countries. AmCham Shanghai supports engagement with China as the best way to ensure long term, steady growth of the US-China relationship and applauds Tuesday's commitments by both Obama and Hu to high-level engagement on a broad range of issues.
About AmCham Shanghai
The American Chamber of Commerce in Shanghai, known as the "Voice of American Business" in China, is the largest and fastest growing American Chamber in the Asia Pacific region. Founded in 1915, AmCham Shanghai was the third American Chamber established outside the United States. As a non-profit, non-partisan business organization, AmCham Shanghai is committed to the principals of free trade, open markets, private enterprise and the unrestricted flow of information.
Visit http://www.amcham-shanghai.org for more information about AmCham Shanghai.
