The Biden administration removed dozens of Chinese companies from a trade restriction list the same day a top U.S. official announced her trip to Beijing for “constructive discussions” amid stabilization efforts with China.
The U.S. Commerce Department announced on Tuesday that Secretary Gina Raimondo will meet with Chinese officials and American business leaders to discuss “issues relating to the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation,” during a visit to Beijing on Sunday. The Commerce Department Bureau of Industry and Security (BIS) removed 27 Chinese companies from its unverified list the same day of the announcement, making it easier for those companies to trade with the U.S, according to a Tuesday press release from the BIS.We welcome the U.S. decision to remove Chinese entities from the “unverified list,” Liu Pengyu, spokesman for China’s Embassy in the U.S., said in a tweet on Tuesday. “It shows that [China and the U.S.] can address specific concerns through communication, based on mutual respect. China will continue to firmly defend its lawful rights and interests.”Foreign companies registered on the unverified list are subject to enhanced trade restrictions and greater transparency requirements with the U.S., according to the BIS website. Companies are placed on the list if the U.S. cannot verify their legitimacy for the end use or end user of items they receive exports from, according to the Code of Federal Regulations.
