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HK Chamber of Commerce Welcomes PNTR to China
The Hong Kong General Chamber of Commerce Thursday welcomed the passage of Permanent Normal Trade Relations (PNTR) status to China in the United States House of Representatives.
"The victory in the House of Representatives Wednesday and the virtually assured passage of the legislation in Senate promise a more stable Sino-US trade relationship, which I think will definitely enhance the bilateral relations between the two nations, " said C C Tung, Chairman of the Hong Kong General Chamber of Commerce.
"This positive development will be beneficial to Hong Kong, " the chairman noted.
The passage of PNTR to China, together with the signing of the Sino-EU World Trade Organization (WTO) agreement on May 19, will bring China to the concluding phase of her journey to become a member of the WTO, the Hong Kong General Chamber of Commerce said in a media statement.
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