/javascript" src="../static/js/analytics.js"> CalTrade Report - Connected!: Intel, Cisco Ink Giant China Deals Intel, Cisco, CalTrade Report, Ericsson, Motorola - Connected!: Intel, Cisco Ink Giant China Deals - $2.3 billion in tech contracts ''will help trade,''../">CalTrade Report Asia Quake Victims 01/18/04 - The deals for Intel, Cisco, and others ''underscores the importance of China's high-tech market to our US companies'' and ''will help generate corporate revenue, and support high-tech manufacturing jobs in many American communities,'' said Evans; Commerce acted as advocate on companies' behalf. - 01/18/04 - The deals for Intel, Cisco, and others ''underscores the importance of China's high-tech market to our US companies'' and ''will help generate corporate revenue, and support high-tech manufacturing jobs in many American communities,'' said Evans; Commerce acted as advocate on companies' behalf. - Connected!: Intel, Cisco Ink Giant China Deals Intel, Cisco, CalTrade Report, Ericsson, Motorola - Connected!: Intel, Cisco Ink Giant China Deals

 

Wednesday, November 30, 2005

 

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Connected!: Intel, Cisco Ink Giant China Deals

$2.3 billion in tech contracts ''will help trade,'' says Commerce Secretary

WASHINGTON, DC - 01/18/04 - Two California-based telecommunications giants are among the six leading US high-tech firms that have recently signed contracts with several Chinese firms for $2.3 billion in equipment sales.
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Intel, headquartered in Santa Clara, and San Jose-based Cisco Systems head the list of contract awardees that includes Ericsson, Motorola, Lucent Technologies, and Nortel Networks - headquartered in Ontario, Canada - which maintains a major facility in Santa Clara, California.
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Announcement of the contracts was made in Washington by US Secretary of Commerce Don Evans, who said the deals "would go a long way to further bolster US-China trade ties."
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The $2.3 billion in contracts, he said, "underscores the importance of China's high-tech market to our US companies. These agreements will help generate corporate revenue, and they will support high-tech manufacturing jobs in many American communities."

The deals were signed with China Unicom, China Telecom , China Mobile, The Founder Corporation of Beijing University, and China Lenovo Group.

The contract signing was the third in a series of deals that have been struck between US high-tech firms and Chinese partners since 2001 totaling some $4.8 billion in deals.

According to a Commerce Department spokesman, the US high-tech firms asked the Department to approach Chinese companies on their behalf.? "We did some advocacy," she said.
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The Bush Administration has been calling on China to address its growing trade imbalance with the US and has urged China to adopt a flexible exchange rate.
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China has responded by announcing plans to shift to a flexible exchange rate over the long term and Chinese Premier Wen Jiabao last month stating publicly that the country "is working on measures" to resolve its massive trade imbalance with the US.

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US, EU Sign Landmark Wine Agreement

WASHINGTON, DC – 11/27/05 – California wine producers are set to take advantage of a new agreement between the US and the European Union assuring that there will be no disruption in the transatlantic wine trade before a broader wine agreement reached in September takes effect; exports of US wines have grown dramatically in the past 10 years, with the European Union - led by the United Kingdom - accounting for a full 66% of total US overseas wine sales in 2004.


Bye, Bye Byrdie?

WASHINGTON, DC – 11/22/05 – The House of Representatives has passed a repeal of the controversial Byrd Amendment that authorizes payment of anti-dumping duties revenue to US companies that have petitioned the government to investigate imports allegedly dumped on the US market; the Byrd Amendment was ruled illegal by the World Trade Organization (WTO) in 2003, but its repeal remains uncertain as the current version of the current Senate bill contains no such provision.


Time is Running Out, But Hope Springs Eternal

WASHINGTON, DC – 11/18/05 – With less than four weeks left before the start of the scheduled WTO ministerial in Hong Kong, the US is still ''hopeful'' that the planned global trade meeting will succeed in improving the lot of the world's devloping economies; but, USTR Rob Portman slams the European Union for blocking a successful conclusion to the sputtering agricultural subsidy negotiations that have threatened to derail the upcoming ministerial.





 

 


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