The United States and China on Wednesday committed to exchange new offers in talks for a bilateral investment treaty, or BIT, that would further entwine the world’s two largest economies.
“Both sides have reaffirmed that the negotiation on a high-standard BIT is a top priority in our economic relationship, committing to intensify negotiations and exchange improved negative list offers in early September,” U.S. Treasury Secretary Jack Lew said after two days of talks with Chinese officials on economic and security matters. Read more…
