What Would Unconditional Normal Trade Relations Status and WTO Membership For China Mean To PGR?
It appears to us now that Ambassador Barshefsky has hammered out a good initial position towards an expansive bilateral market access agreement. This is the time to press hard in Congress to get approval to endorse China for full membership in the WTO. Again, we would not have gotten this far in penetrating the market without solid personal relationships in China. We cannot afford to have our efforts to establish these relationships squander this even in the harsh light of the accidental bombing of the Chinese Embassy in Yugoslavia and the Cox report. Of particular interest to PGR are the WTO issues of technology transfer, protection of intellectual property and dropping of import duties. Currently, we are offering product technology that is one generation behind that of current US products. We fear that we will see our products copied and coming back to the US as a competing product. With more protection of intellectual property, we will be able to offer our latest technology with som
