The US and China agree to dialogue on export controls.

Following a meeting with Chinese Commerce Minister Wang Wentao in Beijing on August 28, US Commerce Secretary Gina Raimondo stated that the exchange of information between the two sides would provide "a foundation for reducing misunderstandings about US national security policy."

"We do not compromise or negotiate on national security issues. Period," Reuters quoted Raimondo as saying.

Ms. Raimondo (far right) during a meeting with her Chinese counterpart in Beijing on August 28.

Ms. Raimondo said the first in-person meeting to exchange information on export control policies would be held at the assistant minister level at the headquarters of China's Ministry of Commerce in Beijing on August 29.

"The U.S. is committed to transparency regarding our export control enforcement strategy. To show you just how transparent this is, the first meeting in this new information-sharing effort will take place tomorrow in Beijing. We're not wasting any time," she said.

Beijing has criticized U.S. efforts to prevent China from accessing advanced semiconductor technology through export controls, but Raimondo said this is not a matter for debate.

The White House this month began banning American individuals and organizations from investing in certain sensitive technologies in China and plans to soon finalize the sweeping export controls on advanced semiconductor technology adopted last October.

In August, some Republican members of the U.S. Congress urged Raimondo not to establish a formal working group with China on export controls.

Earlier this year, Ms. Raimondo stated that she had placed more than 200 Chinese companies on the U.S. export control list and has repeatedly declared that she would not hesitate to use her power when necessary.

The newly formed working group on trade issues is a consultative mechanism involving U.S. and Chinese government officials as well as private sector representatives "to seek solutions to trade and investment issues and advance U.S. trade interests in China," according to Reuters. The working group will meet twice a year at the deputy ministerial level, with the U.S. scheduled to hold its first meeting in early 2024.

Ms. Raimondo had a meeting lasting over two hours with her Chinese counterpart, followed by a lunch that lasted approximately two hours. She stated that she wanted to address the concerns of American businesses facing difficulties operating in China.

Take advantage of the opportunity to export seafood to China.

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