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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (54303)	8/20/1999 9:39:00 AM
From: allen v.w.	Read Replies (1) of 90042

China To Finalize Proposals To Restart WTO Talks With U.S.: Report HONG KONG, Jul 30, 1999 -- (Agence France Presse) China's top leaders will finalize proposals to restart talks with the United States on Beijing's ascension to the World Trade Organization (WTO), the Hong Kong Standard reported Friday. Chinese senior leaders will decide on the proposals during their annual summer retreat in the beach resort of Beidahe, the daily said citing diplomatic sources. The leadership has given the green light for the package proposed by Premier Zhu Rongji during his February visit to the United States to be the framework of the WTO negotiations, the sources said. Zhu made several key concessions including the opening up of the lucrative telecommunications and agricultural sectors. The bilateral WTO talks ground to a halt after the May 7 accidental NATO bombing of China's embassy in Belgrade plunged ties to a new low. The United States is still awaiting Beijing's decision to move ahead on the WTO issue. But the newspaper cited mainland sources as saying the U.S. delegation led by deputy secretary of commerce David Aaron, who visited China this week, has demanded further concessions from China. "The U.S. side has asked for further concessions in telecommunications and medicine, and asked to reserve its restrictions on some products of strategic meaning such as high-speed computer components," said the source. This week, the U.S. House of Representatives approved a one-year extension of normal trading relations with Beijing. ((c) 1999 Agence France Presse)

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