STOP NATO: �NO PASARAN! - HTTP://WWW.STOPNATO.ORG.UK --------------------------- ListBot Sponsor -------------------------- Get a low APR NextCard Visa in 30 seconds! 1. Fill in the brief application 2. Receive approval decision within 30 seconds 3. Get rates as low as 2.99% Intro or 9.99% Ongoing APR and no annual fee! Apply NOW! http://www.bcentral.com/listbot/NextCard ---------------------------------------------------------------------- Bush Asks Congress to Extend China's Trade Status Saturday, June 2, 2001 http://www.sltrib.com/06022001/nation_w/102305.htm THE ASSOCIATED PRESS WASHINGTON -- President Bush asked Congress to extend for a year China's normal trade relations with the United States because they are beneficial to the American economy and imperative to promoting an "economically open, politically stable and secure China." In a letter to House and Senate leaders, Bush formally requested on Friday extension of the trade status that China and "virtually every other country in the world" now enjoys. Bush outlined his argument that U.S.-China trade benefits both American farmers, who last year exported more than $3 billion in goods to China and Hong Kong, and American business, which last year increased overall exports to China by 24 percent. "Trade is in the interests of American consumers, especially those who live from paycheck to paycheck and depend on inexpensive goods from China to enhance their quality of life," Bush said in a statement. "Fair trade is essential not only to improving living standards for Americans but also for a strong and productive relationship with China." After a major fight last year, Congress passed legislation granting China permanent normal trade relations with the United States, which set tariffs on Chinese products at the same low levels as virtually every other U.S. trading partner's. The action scrapped annual reviews of China's trade benefits that Congress had conducted for 20 years. � Copyright 2001, The Salt Lake Tribun ______________________________________________________________________ To unsubscribe, write to [EMAIL PROTECTED]
