July 4, 2010 | Business Week
In an article, “Opening Remarks Five Ways Forward With China,” consultant Robert B. Cassidy commented on strategies for the United States to benefit from its economic connections to China.. The article follows China’s announcement that it would increase the flexibility of its exchange rate. This announcement has raised expectations for United States exporters trying to penetrate the booming Chinese market, and provided additional hope to domestic American producers competing with cheap Chinese imports.
Mr. Cassidy, who was appointed assistant U.S. Trade Representative for China in 1997 and was the chief U.S. negotiator on China’s 1999 Market Access Agreement with the United States for China’s accession to the World Trade Organization (WTO), suggested that the “U.S. could use the World Trade Organization more aggressively to stop China from favoring domestic products over imports.”
