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To: JohnG who wrote (67849)	2/24/2000 11:05:00 AM
From: Ruffian	Respond to of 152472

China says has basic understanding with EU on WTO BEIJING, Feb 24 (Reuters) - China has reached a basic understanding with the European Union on a trade deal that would smooth its entry to the World Trade Organisation and has invited EU Trade Commissioner Pascal Lamy for further talks, state television reported on Thursday. Earlier, the EU said no agreement had been reached after four days of talks to liberalise trade, and no date had been set for them to resume. "The Chinese government and the EU have reached a basic understanding," state television said. "The views are basically converging." "The Chinese government is inviting Lamy to China for talks," it said, without providing further details. It was the first official comment from the Chinese side on the outcome of negotiations aimed at overcoming the biggest remaining obstacle to China's inclusion in the 135 member WTO. It was not immediately clear how the EU's downbeat assessment of the talks squared with the optimistic pronouncements as reported by Chinese state television.