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.
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
AI for the Defense: Should Insurers or Law Firms Pay? 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing From This Issue
