New Commerce Secretary Participates in U.S.-China Dialogue

Secretary Penny Pritzker, left, speaks with Treasury Under Secretary for International Affairs Lael Brainard during one of the meetings of the U.S.-China Strategic and Economic Dialogue.
Secretary Penny Pritzker, left, speaks with Treasury Under Secretary for International Affairs Lael Brainard during one of the meetings of the U.S.-China Strategic and Economic Dialogue.

Washington,DC
July 15, 2013

 The Obama administration’s newest Cabinet member, Commerce Secretary Penny Pritzker, joined Treasury Secretary Jacob J. Lew, Deputy Secretary of State William J. Burns and other top U.S. officials at the fifth round of the U.S.-China Strategic and Economic Dialogue in Washington July 10–11.

Lew led discussions with the Chinese delegation, headed by Vice Premier Wang Yang. They were joined by a delegation of Cabinet members, ministers, agency heads and senior officials from both countries.

Pritzker spoke during the trade and investment session about the importance of ensuring American companies have equal and fair treatment when competing with Chinese companies, according to the Commerce Department. She also attended the joint session on climate change, the promoting economic growth session and a round-table discussion with chief executive officers, where she heard from American companies about the opportunities and challenges of doing in business in China.

Pritzker was sworn in as secretary on June 26. She has more than 25 years of experience in the real estate, hospitality, senior living and financial services industries.

At the Strategic and Economic Dialogue, the United States and China emphasized the importance of promoting a comprehensive economic relationship based on mutual respect and mutually beneficial cooperation. Officials reaffirmed the important commitments made by both countries in previous strategic and economic dialogues.

The two sides announced further measures to support strong domestic and global growth, promote open trade and investment, enhance international rules and global economic governance, and foster financial market stability and reform. The two countries reached consensus to work expeditiously to implement the commitments made and, as the special representatives of the economic track, Commerce said, directed their respective economic teams to take concrete steps before the next Strategic and Economic Dialogue.