The Investment in Texas Forum and the Signing Ceremony for the Memorandum on Cooperation between Chinese Provinces and Texas Take Place in Beijing

(By chinca)

Updated: 2015-08-18 14:26:17

On September 9, 2015, the Investment in Texas Forum and the Signing Ceremony for the Memorandum on Cooperation between Chinese Provinces and Texas took place in Beijing. A total of over 100 people attended the forum, including government officials from the Chinese Minister of Commerce and from the commerce authorities of Chinese provinces and municipalities like Tianjin, Jiangsu, Fujian, Shandong, and Sichuan, and from relevant government agencies of Texas and representatives from Chinese and American businesses. Prominent among those who attended were Zhang Xiangchen, Assistant to the Chinese Minister of Commerce, and Rick Perry, Governor of Texas. The forum was presided over by Diao Chunhe, Chairman of China International Contractors Association.
Both Ministerial Assistant Zhang and Gov. Rick Perry showed up at the meeting and delivered speeches; during the meeting, Ministerial Assistant Zhang and Gov. Rick Perry signed the Memorandum on Cooperation between Chinese Provinces and Texas. With the rest of the forum attendees, Nandita Berry, Secretary of State of Texas, Jonathan Taylor, Director of the Economic Development and Tourism Division, and representatives from communities and businesses in Texas shared their interpretations of the state's policy on investment and its investment environment, while some Chinese businesses that had made investment in Texas shared their valuable experience in making investment there. This forum has helped to promote mutual trust and encourage a better understanding between the business communities in China's provinces and municipalities and those in the United States' states, and give a big boost to the healthy development of Sino-American economic and trade cooperation.
The signing of the memorandum marks the first step in the bilateral effort to promote investment in Texas from Chinese businesses. To promote down-to-earth cooperation, both sides decided to create a task force that consists of members from both sides (formally known as the Task Force on Cooperation between Chinese Provinces and Texas), including the Chinese Ministry of Commerce and such Chinese provinces and municipalities as Tianjin, Jiangsu, Fujian, Shandong, and Sichuan, on the Chinese side and the Governor's Office of Texas and the Economic Development and Tourism Division on the American side. As a result of its joining the task force as a representative from the industry, China International Contractors Association will be responsible for fulfilling some of the functions specified for the Chinese Secretariat under the task force, including maintaining day-to-day communication and exchanges of information with the other side, promoting the carrying out of various commerce projects, and organizing all sorts of commerce activities.