August 14, 2009

Closing the Gap in US-China Trade

President Obama has tasked the National Economic Council and the National Security Agency with a review of the USA's export control system. The Aerospace Industries Association welcomed the news and will work with the effort. Readers will recall that during the USA-China Strategic and Economic Dialogue lessening restrictions on certain high technology products (super computers, satellites, etc.) exports to China was discussed. The effort is a first step in undoing the restrictions placed on exports to China during former President Clinton's first term in response to the shameful Cox Committee investigations into whether technology "secrets" had been given to China.

Exports of high-value technology products to China could well become a potentially huge and lucrative new market for an American industry that still has an advantage and help close the gap in the US-China trade deficit....

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