The Asian crisis will pass in short order. Look beyond and see things clearly ... the next big tech market is waiting ahead.
China Tears Down Great Wall Of Tariffs
(10/30/97; 6:00 p.m. EST)
By Jack Robertson, Electronic Buyers' News China President Jiang Zemin gave the electronics industry a gift on his visit to the United States, agreeing to lift all his country's tariffs on chips, computers, telecom products, and semiconductor equipment.
On Wednesday, Pres. Jiang Zemin said China would join the global
Information Technology Agreement (ITA) that has already been signed by
the United States, Japan, the European Union, South Korea, and 26 other countries. The promised tariff elimination on most electronic goods is part of China's campaign to be admitted to the World Trade Organization (WTO).
Lifting tariffs would benefit all electronic exporters around the world shipping to China. The U.S. industry would especially benefit, because this country does an estimated $1.8 billion in electronic trade annually with China. |
