Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (49846)	3/1/2000 5:24:00 AM
From: long-gone	Respond to of 116753

& who is really using that stick & carrot: China bids for trade deal Planned $6M purchase of U.S. wheat seen as token goodwill gesture February 29, 2000: 8:24 a.m. ET WASHINGTON (AP) - China plans to buy $6 million worth of U.S. wheat, its first purchase of American agricultural products under concessions it made last year in a bid to win improved trade relations. It is considered a trial-size shipment, but Clinton administration said it is evidence of China's intention to follow through with an agreement reached last November. In exchange for lowering its barriers to U.S. farm products, China wants U.S. backing for its entry into the World Trade Organization and an end to the annual congressional reviews of its U.S. trade status. The wheat purchase will be China's first from the Pacific Northwest in more than two decades. Wheat shipments from that region had been barred because of China's contention that the grain contained excessive amounts of fungus. Allowing shipments from the Pacific Northwest will save freight costs and help U.S. farmers compete with producers in other countries for sales in the huge Chinese market. "We hope that there will be many more such purchases to come," Agriculture Secretary Dan Glickman said in a speech to the National Farmers Union in Salt Lake City. Congress will vote later this year on whether to grant China normal (cont) cnnfn.com