China and the United States are still hopeful that the two countries could conclude negotiations on a bilateral investment treaty (BIT) under the Obama administration, a former Chinese official has said.
The Chinese negotiating team will come to Washington D.C. for a new round of BIT talks with the U.S. side in the coming week, China's former chief negotiator for World Trade Organization (WTO) entry Long Yongtu said Saturday here at a lunch event about China-U.S. trade relations hosted by the Center for China and Globalization, a Chinese leading social think tank.
"That means the Obama government still wants to get it done before he leaves office," Long told former U.S. trade officials and China experts with Washington-D.C. based think tanks.
