On December 19, 2012, the Office of the U.S. Trade Representative (USTR) issued a press release announcing that as a result of the U.S.-China Joint Commission on Commerce and Trade (JCCT) session, both countries reached agreements relating the enhancement of bilateral trade and trade missions.

The USTR published a fact sheet from the JCCT, listing results on key issues from the meeting including the following:

• Trade, Agricultural, and Investment: Agreements in regards to Strategic Emerging Industries (SEIs), China's Value-Added Tax (VAT), Agriculture, and Regulatory Data Protection, among others
• Cooperative Activities: Including an Environmental Industries Forum, the U.S.-China Legal Exchange, and discussions on Trademarks, Trade Statistics, and Standards and Information Technology
• Intellectual Property Rights: Confirmation of State-Owned Enterprise Software Legalization and Localization of Intellectual Property Technology

The JCCT was established in 1983, and it is the main forum to promote commercial opportunities and address bilateral trade and investment between the U.S. and China.

The USTR press release is available online here. The USTR Fact Sheet Can be accessed here.