Mon, Dec 31, 2001 - Page 17 News List

Farmers put on brave face for WTO day

INTERNATIONAL TRADE The world for those who have tilled the soil all of their lives is about to change tomorrow when new trade rules take effect

AFP , TAIPEI

Authorities here have offered to discuss with Beijing the opening of direct business and transportation links and pledged to widen import liberalization measures under the WTO framework.

Taiwan's exports to China totalled NT$20 billion last year out of bilateral trade worth NT$26.2 billion, but analysts said the nation's advantage would be gradually reduced as more low-priced goods from China enter the local market.

Taipei is also set to adopt a liberalization package involving China-bound investments, including the opening of direct investment in China, tomorrow.

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