US to relax tech export bans to China

US to relax tech export bans to China

Summary: The United States pledges to "actively" carry out a plan to lift bans on high-tech exports to China, which will cover civil aviation, information technology, and oil and gas exploration for civilian use.

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The United States will actively carry out a plan to lift bans on high-tech exports to China, which will help ease the trade deficit between both countries.

According to China Daily, Wang Chao, Chinese vice-minister of commerce, said the U.S. agreed to promote high-tech exports to China, especially in civil aviation, information technology and oil and gas exploration for civilian use. The deal was reached during annual bilateral trade talks in Beijing on Friday.

"It is beneficial for both countries to reach consensus on the issue. Technological products from the U.S. accounted for about 18 percent of China's total technology imports nearly a decade ago, but now this stands at 7 percent," Wang said, in the report.

In 2011, both sides signed a plan for the U.S. to ease export controls covering high tech goods, but there has been little progress since in boosting trade in the sector, noted China Daily.

Topics: Tech Industry, Government US, China

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Loves caption contests, leisurely strolls along supermarket aisles and watching How It's Made. Ryan has covered finance, politics, tech and sports for TV, radio and print. He is also co-author of best seller "Profit from the Panic". Ryan is an editor at ZDNet's Asia/Singapore office.

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4 comments
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  • why not...?

    they already stole everything worth knowing
    wizardjr
  • Is it really an export...

    If the stuff is made in China is it really an export?
    BrianC6234
  • Export exemption regulation barrier to trade

    Still remember the time I couldn't get some refurbished CNC machines out of US. It's mothballed salvage with software on 5.25" floppy disk forcrissake. The Chinese customer ended up buying the same machines from Italy.
    ChasL
  • Airplane and Stealth parts made in China?

    There goes to the last labor force outsource out the doors. The only thing that is not outsource yet, is the executive teams and their buddies. I am not part if the the Union, and I can see the last nail in the coffin for the group.
    anonymous99