On May 19, the European Union and China announced that they had reached a compromise on the terms of a trade agreement that would lead to China’s entry into the World Trade Organization (WTO). At issue was EU demands for a lowering of agricultural tariff barriers, and the right to acquire majority interests in telecommunications, automobile and insurance ventures with China. According to a BBC report, the EU agreed to drop its demands concerning telecommunications in exchange for a more rapid opening of Chinese markets. China has campaigned for 14 years to join the WTO.
Was this article valuable?
Here are more articles you may enjoy.
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Dubai Flights Disrupted After Drones Injure Four Near Main Airport 
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off From This Issue
