For Immediate Release: September 16, 2013
Contact: Lorri Crowley (202) 482-3809
Obama Trade Official Expands Collaboration with AmCham Shanghai
Under Secretary Sánchez co-signs MOI with AmCham Shanghai
WASHINGTON –Under Secretary of Commerce for International Trade Francisco Sánchez co-signed a Memorandum of Intent (MOI) with the American Chamber of Commerce (AmCham) Shanghai today, expanding collaboration between the United States and AmCham Shanghai intended to enhance trade between the U.S. and China.
“AmCham Shanghai offers a unique perspective on Chinese leadership and China’s economic goals,” Sánchez remarked. “We welcome and encourage their increased collaboration as we seek to continue our trend of strengthening our mutually beneficial trade relationship.”
Amcham Shanghai, known as the “Voice of American Business” in China, is one of the world’s largest AmChams and routinely works with the International Trade Administration (ITA). The non-profit, non-partisan business organization is committed to the principles of free trade, open markets, private enterprise, and strengthening U.S.-China commercial ties.
By signing the MOI, both participants acknowledged the desire to explore further opportunities to work together to develop strategies and to carry out activities to enhance the competitiveness of and opportunities for U.S. businesses in Shanghai and more broadly within China and elsewhere in Asia.
The Memorandum of Intent, which took effect immediately upon signing, will facilitate cooperation between the U.S. and the AmCham by having designated points of contact to foster greater mutual awareness of each other’s programs and activities. These activities are anticipated to include discussions about entering into a more formal partnership in the near future.
Sánchez and AmCham Shanghai officials also discussed increasing exports to China by U.S. small and medium-sized enterprises (SME) through the use of AmCham Shanghai’s new SME Center. The SME Center provides resources such as market analysis, information on business issues, and investor match-making services, which can help support the success of small and medium-sized U.S. businesses in China. Sánchez encouraged the AmCham to provide ideas on how to utilize the SME Center in order to increase U.S. SME exports to China.
“I am pleased to work with the AmCham Shanghai to increase U.S. exports to China, and to work together to identify further opportunities to continue our economic integration into China, which remains vitally important to U.S. job creation.” Sánchez said.
International Trade Administration
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