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US govt seeks investment by China firms

The US government welcomes Chinese companies to invest in America and provides help through its "Invest in America" and "Access America" programs, William Zarit, deputy assistant secretary at the Department of Commerce said Monday.

Zarit spoke to over 300 American and Chinese business people, including a business delegation from China consisting of over 175 senior corporate executives, during the US-China Economic and Trade Cooperation Forum held here on Monday.

He introduced a US government program called "Invest in America" which is dedicated to promoting and supporting foreign direct investment in the United States.

It is the primary US Government mechanism to manage foreign direct investment promotion. Efforts are focused on outreach to foreign governments and investors, support for state governments' investment promotion efforts, and addressing business climate concerns by serving as ombudsman in Washington for the international investment community.

Zarit said that any Chinese companies interested in investing in the US should get in touch with "Invest in America" program for advice and help. He further explained, "we don't make decisions on where the Chinese companies should invest. But we can help with any federal government related regulations, practices, customs and so forth. "

When asked about his comments on the recent sharp increase in Chinese tire tariff, Zarit admitted that he is not an expert in this area, but he said, "what I am hoping is that because it is such an important commercial and economic relationship between the two countries, that we can work through these issues to the benefit of both countries. "

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 Source : Xinhua  Editor: Ivy
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