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Microcap & Penny Stocks : TIPS Tianrong Internet Products & Services -- Ignore unavailable to you. Want to Upgrade?

To: T A P who wrote (136)	11/23/1999 3:09:00 PM
From: T A P	Respond to of 203

China to Send WTO Team to Canada BEIJING (Reuters) - China said on Tuesday it would send a top negotiating team to Canada this week to discuss China's entry to the World Trade Organization, a week after Beijing signed a landmark WTO deal with the United States. ``Foreign Trade Minister Shi Guangsheng will lead a delegation to Canada on November 24 and will have consultations with the Canadian side on China's entry to the WTO,' Foreign Ministry spokesman Sun Yuxi told a news conference. He did not say how long the talks were expected to last. Canadian trade officials said last week Canada was only weeks away from matching the agreement reached by China and the United States last week after six days of grueling talks. China must now reach market-opening agreements with other key WTO powers, including Canada and the 15-nation European Union. Canadian trade department spokesman Andre Lemay has said most of Canada's concerns on China's WTO entry were covered in the U.S. deal, but a few sticking points remained between Beijing and Ottawa. Sun also said Beijing was holding preliminary talks with the EU to plan formal WTO negotiations. ``We hope these talks will make positive progress,' Sun said. ``China's entry to the WTO will help to promote the further development of China's trade relations with the EU, Canada and other members of the WTO. This is in the interest of all sides.' The EU has responded more cautiously to the U.S. deal, saying it needed to study the details. U.S. and EU officials have said it is unlikely China could enter the WTO before a new round of global trade talks set to be launched at a WTO conference in Seattle starting on November 30. Detailed negotiations between the EU and China resumed last month after they were frozen in May following NATO's bombing of China's embassy in Belgrade. NATO called the bombing a mistake. But, after three days of talks in Geneva in late October, EU trade official Karl Falkenberg said China's offers on opening up key industries such as agriculture, financial services and telecommunications still fell short of what the EU wanted. T A P has received 1 mil shares of TIPS for services provided for a period of 1 year. For a complete write-up on TIPS and other Turn Around Picks and free membership go to T A P profile for url.