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To: Maurice Winn who wrote (26393)4/7/1999 12:58:00 PM
From: quidditch  Respond to of 152472
 
Hey, Mq:

From Reuters:

Wednesday April 7, 11:23 am Eastern Time

Clinton sees China WTO entry in U.S. interest

WASHINGTON, April 7 (Reuters) - President Bill Clinton said on Wednesday China's entry into the World Trade Organization (WTO) on the right terms was profoundly in the United States' interest.

''We also have an interest in integrating China into the world trading system and in seeing it join the World Trade Organization on clearly acceptable commercial terms,'' he said in a speech. ''Getting this done and getting it done right is profoundly in our national interest. It is not a favor to China. It is the best way to level the playing field.''

The United States and China have made an intense push in their talks on Beijing's WTO entry ahead of Chinese Premier Zhu Rongji's visit to the United States. Zhu, who began his nine-day U.S. visit on Tuesday, was due to arrive in Washington on Wednesday and hold talks with Clinton on Thursday.

''China already has broad access to our markets, as you can see from any perusal of recent trade figures,'' Clinton said. "If China accepts the responsibilities that come with WTO membership, that will give us broad access to China's markets while accelerating its internal reforms and propelling it toward acceptance of the rule of law.

''The bottom line is this: if China is willing to play by the global rules of trade, it would be an inexplicable mistake for the United States to say 'No,''' Clinton added.

On Tuesday, Zhu said that the United States had reached a breakthrough on farm issues that removed a major obstacle to China's 13-year effort for entry in the WTO. The White House said they had made progress in the talks but that ''substantial'' gaps remained.