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.
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Experian Launches Insurance Marketplace App on ChatGPT 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ From This Issue
