To: Ramsey Su who wrote (23363 ) 2/24/1999 2:06:00 PM From: Ruffian Respond to of 152472
China> February 24, 1999 Effects of China's entry into WTO discussed ARLINGTON, Va.—At the International Trade Commission, Telecommunications Industry Association President Matthew J. Flanigan testified regarding the economic effects on the United States of China's accession to the World Trade Organization. According to Flanigan, ‘‘China's accession to the WTO will not erase all the difficult commercial issues that exist between our two countries,'' said Flanigan, ‘‘But it will begin to tackle many of the long-standing impediments to fair market access the United States has experienced over the years.'' Flanigan said that for the United States, a commercially meaningful package would include ‘‘a commitment by China to abide by the rules and standards of the WTO, to ensure fair and equal market access for U.S. goods and services ... and provide for clear and effective dispute resolution measures when necessary.'' Given the significant role China plays for U.S. telecom equipment suppliers, Flanigan said China's accession to the WTO will require it to liberalize its markets. ‘‘The more China liberalizes, the more competition it will host, the more telecom networks will be built and the more infrastructure China will house,'' said Flanigan. ‘‘This, in the world's fastest-growing market, means positive growth prospects for the U.S. telecom equipment industry that TIA represents.'' WTO agreements China consented to include the Basic Telecommunications Agreement, which is designed to phase out monopolies and establish competition, and the Information Technology Agreement, which is designed to eliminate tariffs on information technology products, said TIA. RCR NEWS