Paulson Pledges Robust Engagement With China

From AP:

Treasury Secretary Henry Paulson says the administration intends to keep pursuing a policy of “robust engagement” with China that will include filing unfair trade cases as needed and pressuring the Chinese to move more quickly to revalue their currency.

Paulson, delivering a speech outlining the goals of a high-level meeting the two countries will hold next week, said that it was important for both nations to resist calls for erecting protectionist barriers.

“It is clear that our strategy for robust engagement with China — intensive dialogue but with resort to WTO dispute settlement and WTO-sanctioned trade remedies if needed — is more productive than protectionist policies or legislation,” Paulson said in his prepared remarks.

Read also US, China to tackle inflation, currency in talks: Paulson by AFP.


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