happen if there are restrictive and nationally focused procurement, standard-setting, or licensing policies,” Ms. Borg said. “Protectionist policies are unsustainable because they restrict competition and invite retaliation.”
China and the United States should work together to identify best practices that encourage innovation, Ms. Borg said. Making it easy for American companies to operate in China and for Chinese companies to operate in the United States is essential. Foreign investment into the United States is becoming “critical to our economic growth and job creation,” she explained. “As China seeks to increase investment abroad, we want to work together to ensure a transparent environment consistent with our regulations and laws.”
She pointed out that China also benefits from foreign investment. “The United States seeks fair and equitable treatment for our investors abroad,” Ms. Borg said. “That is the impetus behind our many dialogues and exchanges.” These discussions are conducted within the Strategic and Economic Dialogue, the Joint Commission on Commerce and Trade, and the U.S.-China Ten-Year Framework for Energy and Environment Cooperation.
The Ten-Year Framework illustrates how the United States and China can collaborate to advance technological innovation in the energy sector, Ms. Borg said. It provides a forum to promote adoption of highly efficient, clean-energy technology and sustainable use of natural resources. “As the two largest energy consumers and greenhouse gases emitters, both the United States and China have a critical interest in adapting to and mitigating the effects of climate change,” she said.
The eco-partnerships that have emerged through the energy framework and other bilateral dialogues, Mr. Borg noted, have paired U.S. and Chinese cities, research institutes, and businesses to work on issues such as clean air and water, natural resource conservation, electric vehicles, and renewable energy. “Successfully meeting the clean-energy and climate challenge will help anchor U.S.-China relations in the years ahead and demonstrate to the world that our two countries can work together to effectively address global issues,” she said.
In sum, Ms. Borg said, “the United States and China are, in every sense, building a global partnership.” There still are many areas where the two nations “must form stronger collaborations and come to agreement,” she said. “Nevertheless, I remain confident that, over time, we will continue to expand technological cooperation and collaborative innovation between our two countries.”