I am an active member of the U.S. Chamber's International Policy Committee and its Asia Task Force, and also serve as Chairman of its WTO Working Group. The U.S. Chamber is the world's largest business federation with an underlying membership of more than three million businesses and organizations of every size, sector, and region. The U.S. Chamber of Commerce is committed to building support for full normalization of the U.S.-China commercial relationship. It is the U.S. Chamber's policy to build a solid commercial foundation for our relationship with China, which will encourage cooperation on the full range of issues impacting our bilateral relationship, from security and nonproliferation to human rights. Healthy U.S.-China trade relations are highly important to our national interest.
China has the world's third largest economy.
These exports support tens of thousands of high-wage American jobs. China is the sixth largest market for American agricultural products. U.S. companies are very competitive in this area of high priority to China. China will increase in importance for those members of the U.S. Chamber that export high technology equipment, such as aerospace, telecommunications, and petroleum technology, as well as agricultural products and consumer goods. If we are to capitalize fully on China's enormous market opportunities, the U.S. Chamber believes a good World Trade Organization accession deal with China is critical.