U.S. Chamber Statement Regarding Executive Memorandum on China Technology Transfer Policies and IP Theft | U.S. Chamber of Commerce

U.S. Chamber Statement Regarding Executive Memorandum on China Technology Transfer Policies and IP Theft

Monday, August 14, 2017 - 3:00pm

WASHINGTON, D.C. — In response to today’s Executive Memorandum on China’s forced technology transfer policies and intellectual property theft, U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement:

“The U.S. Chamber of Commerce has been forthright in expressing our serious concerns regarding a range of Chinese government policies and practices that restrict access to its market, condition participation in the market on technology transfer, and broadly seek to undermine the value of intellectual property held by American companies.  These are global concerns that have also been voiced by stakeholders from around the world over many years.

“If the U.S.-China relationship is to deliver mutually beneficial growth, U.S. firms must enjoy the same broad, secure access to the Chinese market that Chinese firms already enjoy to the United States. Equally important, China must end forced technology transfer and protect foreign-owned intellectual property rights within China.

“The Executive Memorandum signed today is an opportunity for the U.S. government to examine these issues and consider a prudent path forward.

“The U.S.-China relationship is a critical one for the United States, China and the world.  Ultimately, our long-term goal for our relationship must be enhanced two-way trade and investment.  Expanded trade and investment is in the interests of both countries, but competition must be fair and market-based.

“We urge the two governments to work together to resolve these concerns.”

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.