By David Brunnstrom WASHINGTON (Reuters) – The U.S. business lobby expressed disappointment on Monday at the pace of negotiations on a bilateral investment treaty with China and said it was important that President Xi Jinping address the growing concerns of U.S. firms when he visits the United States this week.
We have had a treaty with Taiwan since November 30, 1948, but have not had a treaty with the People’s Republic of China. The E1 and E2 nonimmigrant visa categories are comprised of treaty traders and treaty investors entitled to be in the United States under a bilateral treaty of commerce and navigation between the United States and the country of which the treaty trader or investor is a citizen or national. A proper treaty with China would allow E-2 Treaty Investor visas with China. This would help alleviate some of the pressure from the EB-5 backlog and continue investment in the United States.