Posted On 2014/11/11 By In Business, Economics, News, China Outbound, Destinations With 809 Views

New Visa Policy to elevate US-China Relations

Mr Obama said the move would “benefit everyone,” speaking during a high-level summit of Asian business leaders in Beijing, known as APEC. Visas between the two countries were previously valid for only one year. China-US relations have been rocky amid increased US presence in the Pacific and concerns over cyber espionage.

But on Monday, Mr Obama told the Asia-Pacific Economic Cooperation (APEC) chief executive summit that the US welcomed the rise of a “prosperous, peaceful and stable China”.

“We want China to do well,” Mr Obama said. “We compete for business, but we also seek to co-operate on a broad range of shared challenges and shared opportunities.”

Under the new visa rules, set to take effect on Wednesday, student visas will be valid for five years, while business and tourist visas will be valid for 10 years. The deal will not change how long a traveller will be allowed to stay in the US or China, but how long the visas are valid for entry. The US will also continue to require an in-person interview as part of the application for a visa.

White House officials said they hoped the deal would bring more Chinese visitors and spending to the US.

“Chinese travellers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost,” the White House said in a statement.

“A competitive visa policy is needed to secure our place as the chosen destination for millions of Chinese travellers.”

About 100 million Chinese travelled abroad last year, but less than 2% spent time in the US. Despite Mr Obama’s upbeat message in announcing the visa changes, he reiterated that America would continue to press China on a number of issues including cyber espionage, currency manipulation and human rights.

“We’re not going to stop speaking out on behalf of the things that we care about,” Mr Obama said.

He and Chinese President Xi Jinping are expected to meet later in the summit.


Learn more in our Global Ready China Seminars


Sources:

Article: BBC / Image: Barack Obama


Further Reading:

Mr Obama said the move would "benefit everyone," speaking during a high-level summit of Asian business leaders in Beijing, known as APEC. Visas between the two countries were previously valid for only one year. China-US relations have been rocky amid increased US presence in the Pacific and concerns over cyber espionage. But on Monday, Mr Obama told the Asia-Pacific Economic Cooperation (APEC) chief executive summit that the US welcomed the rise of a "prosperous, peaceful and stable China". "We want China to do well," Mr Obama said. "We compete for business, but we also seek to co-operate on a broad range of shared challenges and shared opportunities." Under the new visa rules, set to take effect on Wednesday, student visas will be valid for five years, while business and tourist visas will be valid for 10 years. The deal will not change how long a traveller will be allowed to stay in the US or China, but how long the visas are valid for entry. The US will also continue to require an in-person interview as part of the application for a visa. White House officials said they hoped the deal would bring more Chinese visitors and spending to the US. "Chinese travellers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost," the White House said in a statement. "A competitive visa policy is needed to secure our place as the chosen destination for millions of Chinese travellers." About 100 million Chinese travelled abroad last year, but less than 2% spent time in the US. Despite Mr Obama's upbeat message in announcing the visa changes, he reiterated that America would continue to press China on a number of issues including cyber espionage, currency manipulation and human rights. "We're not going to stop speaking out on behalf of the things that we care about," Mr Obama said. He and Chinese President Xi Jinping are expected to meet later in the summit. Learn more in our Global Ready China Seminars Sources: Article: BBC / Image: Barack Obama Further Reading: White House explains why its Visa Reforms are a big Deal for the US Economy @ WPTZ / CNNMoney (2014)

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About

David

David Lee, educated in Denmark, China and the UK, gained extensive work experience with NGOs (Int"l Red Cross and UNESCO) as well as in the fields of training and education. He is part of BMG's China office and supports services like translation, localization, market research and analysis as well as social media planning and management. David also has in-depth insight into the Chinese travel, shopping and luxury market, paired with creativity, business acumen and a passion for Social Media.

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