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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (3076)4/17/2004 2:55:49 PM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
U.S. companies will benefit when China eases import restrictions
By GREGORY CANCELADA
Of the Post-Dispatch
04/16/2004

U.S. manufacturers will find it easier to send products to China when that country lifts a law requiring that imports enter through state-owned trading companies, Deputy Assistant Commerce Secretary Henry A. Levine said Friday.

Currently, products brought into China must be imported through a state trading company.

However, this situation will change by Dec. 11, because China promised to remove this restriction within three years of joining the World Trade Organization on Dec. 11, 2001. When it joined the WTO, China agreed to take steps to put the country in compliance with global trading rules.

Because of that commitment, foreign companies will be able to import directly to customers in China.

stltoday.com