Joint Commission on Commerce and Trade (JCCT)

Definition:

JCCT was established in 1983 as a forum for high-level dialogue on bilateral trade issues between China and U.S. In 1994, as U.S.-China commercial relations became increasingly complex, the two governments institutionally strengthened the JCCT by establishing structured working groups covering trade and investment issues, business development and industrial cooperation, and commercial law, in addition to a side dialogue on export controls. From its inception until 2004, the JCCT was co-chaired by the U.S. Secretary of Commerce and China's Minister of Commerce. Following the December 2003 meeting of President Bush and Premier Wen the two sides agreed the Commission would be co-chaired on the U.S. side by two cabinet officials (the Secretary of Commerce and the U.S. Trade Representative) and, on the Chinese side, by the Vice Premier responsible for foreign trade.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Triple witching hour

The four times a year that the S&P futures contract expires at the same time as the S&P 100 index option contract and option contracts on individual stocks. It is the last trading hour on the third... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio