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With China's membership of the WTO after fifteen years of negotiation, the country will undergo enormous changes in policies and laws that would be of great benefit to foreign companies doing business in China.
Member rating: No Rating | Words: | Submitted: Mon Dec 22 2003
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With China's membership of the WTO after fifteen years of negotiation, the country will undergo enormous changes in policies and laws that would be of great benefit to foreign companies doing business in China. With the decrease in tariff and quotas in both China and other countries such as the US, the opening of new markets, reduction in restrictions on foreign investors, amendments in laws on foreign funded firms and for the general public, encouragement from government and the fact China has to increase the quality of their products to international level will lead to the creation of new opportunities for foreign investors. Along with the new opportunities, as a result of the new international standard laws and policies China has to follow as it becomes a member of the WTO, its membership will also bring equality, security and stability for the foreign investors, encouraging them to invest in the...
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