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Friday, October 19, 2001, updated at 21:08(GMT+8) | ||||||||||||||
Business | ||||||||||||||
WTO Entry to Create Greater Room for Foreign Businesses: MinisterHe stressed that, after its entry into WTO, China will abide by provisions of the WTO and the commitments it has made in bilateral agreements. In this process, any constructive suggestions from enterprises will be welcome, he said, adding that such suggestions will be considered and improvement made in earnest. The minister said a sound Sino-U.S. relationship is not only vital for the peace and development of the two countries and the world, but also for enterprises of both countries, as they are important trade and investment partners. Shi expressed the hope that U.S. businesses will continue to play a constructive role in the development of Sino-U.S. economic and trade ties. Smith and Levin congratulated Shi on China's imminent entry into the WTO after 15 years of negotiations. They expressed their satisfaction over their cooperation with and business development in China, as well as their confidence in the Chinese market on the basis of the belief that China will become one of the largest economies in the world. Both pledged to continue contributing to the development of Sino-U.S. relations.
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