National Foreign Trade Council Intensifies Call for China WTO Accession Accelerated Negotiations Urg

Friday, 9 April 1999

Noting that China is the world's fasting growing market, Mr. Swift said "the growing U.S. trade deficit with China is evidence of the need to break down Chinese trade barriers and clear the way for increased exports of U.S. products and services."

"The market access commitments announced yesterday are an important step towards opening this major market, but a number of issues remain to be resolved. We urge the parties to redouble their efforts and conclude the agreement as soon as possible," he concluded.

The National Foreign Trade Council was founded in 1914. From that date to the present, NFTC has been a leading spokesman on behalf of the private sector for an open international trade and investment regime. NFTC's membership consists of 580 U.S. manufacturing corporations, financial institutions and other U.S. firms having substantial international operations or interests.