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2012, May 24

U.S. Presses China on Procurement Rules

U.S. Presses China on Procurement Rules

by CFO Innovation Staff, 20 May 2010
topics:
Management
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The U.S. is pressing China to further relax the government's procurement rules which were eased last month but, according to critics, still favor domestic companies.

 

"Our next steps with China include continued pressure to strengthen their IPR regime--and to step back on flawed and troubling policies across the industrial sector, like indigenous innovation," U.S. Trade Representative Ron Kirk said in a statement obtained by the Wall Street Journal.

 

The Journal says that China last month eased its policies by no longer requiring the use of Chinese intellectual property and proprietary brands and that businesses don't have to be totally independent of foreign companies.
 

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CFO Innovation Staff
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