To: WhatsUpWithThat who wrote (396 ) 5/24/2000 7:47:00 PM From: keith massey Read Replies (1) | Respond to
The World Trade Organization (WTO) is a 136-nation Geneva-based group that sets and enforces international trade policy. This organization is now in the final stages of deciding whether to allow China to become a member of this powerful club of nations. Today, the US Government was voting on what the status of their trade relations with China will be. Under the Clinton administration-brokered agreement, the U.S. would grant PNTR status -- previously called "most-favored-nation" status -- to Beijing. In exchange, China would open up its markets for agriculture, telecommunications, banking, entertainment and a host of other sectors. The result of this action would be that China would enjoy a reduction of the high tariffs on U.S. products and the US would in turn enjoy the elimination of restrictive trade policies that have made it tough for American firms to do business there. This vote by the US Government has moved China's chances for its application to the WTO one step closer to being approved. This action would have a huge beneficial effect for the Capital Alliance Group - CPT. For anyone who doesn't already know about Capital Alliance's business interests in China, here is a bit of background information: CIBT . Along with a target market of Chinese employees, CIBT is also targeting professionals who want to further their education by pursuing internationally recognized undergraduate or graduate degrees. They are also targeting the working class adults with high school certification and a desire for career advancement. But it gets better because CIBT recently announced that it was also expanding their reach throughout China by developing a series of 'On-Line' business education programs. This online program will allow CIBT to offer both certificate and academic degrees to a MUCH wider audience. China has a population base of 1.2 billion people and the existing educational infrastructure within China is struggling to meet the staggering demand for higher education. As a result, both the general population, and businesses in general are being grossly under serviced in this area.
