Printer Friendly
The Free Library
19,569,808 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

[0] Sunkist Cheers Passage of PNTR for China.


Business Editors

SHERMAN OAKS, Calif.--(BUSINESS WIRE)--Sept. 20, 2000

"The decision by the U.S. Senate to grant permanent normal trade relations Permanent Normal Trade Relations (PNTR) status is a legal designation in the United States for free trade with a foreign nation. In the U.S. the name was changed from Most Favored Nation (MFN) to PNTR in 1998.  to the People's Republic People's Republic
n.
A political organization founded and controlled by a national Communist party.
 of China solidifies access to the vast markets of China for our growers," said Vincent Lupinacci, President of Sunkist Growers, the country's largest citrus cooperative.

Sunkist was the first to ship U.S. citrus to China when the market opened officially in March 2000. The passage of this legislation assures continued access.

"This final legislative act assures China membership in the World Trade Organization (WTO See World Trade Organization. ) by year-end, and will ultimately require the Chinese to abide by To stand to; to adhere; to maintain.

See also: Abide
 all the international trade rules that are adhered to by our other trading partners," Lupinacci added. The legislation, which was passed by an 83-15 vote, now goes to the President for signature and enactment. It passed the House by a closer and harder fought vote in May.

When China becomes a member of the WTO, U.S. citrus growers will see tariff rate reductions from 40% to 12% over the next three years and agreed-upon adherence by China to science-based phytosanitary policies including recognition of the U.S. Department of Agriculture's fruit fly quarantine parameters and eradication declarations.

"Our entry into China is one of the most promising and exciting developments in recent years," said Lupinacci. "China has a population of 1.3 billion potential Sunkist consumers and we believe it will become a major market for our growers' fruit."

"Passage of PNTR PNTR Permanent Normal Trade Relations  for China is in the best interest of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and of American agricultural exporters such as Sunkist Growers. We commend the Senate for its vote and thank Senators Graham and Mack of Florida for their votes in support of PNTR for China," he concluded.

Sunkist Growers is a citrus marketing cooperative which markets fresh fruit grown in Florida, California and Arizona. Sunkist has a marketing affiliation with the Tuxedo Fruit Company in Fort Pierce Fort Pierce, city (1990 pop. 36,830), seat of St. Lucie co., SE Fla., on Indian River (a lagoon; part of the Intracoastal Waterway); settled in the 1860s around a fort; inc. 1901 as a city. , Fla., which packs grapefruit grown in the Indian River area and sold under the Sunkist brand.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 20, 2000
Words:338
Previous Article:[0] Idea Integration Helps Compaq Launch New iPAQ Line of Personal Internet Devices and Services.
Next Article:[0] B/E Aerospace Teams Up With Helix Technology Corporation.
Topics:



Related Articles
Battle Over Permanent Normal Trade Relations Status for China Intensifies in Congress.
The New Free-Trade Consensus.
CONGRESS MEMBERS FEEL HEAT ON CHINA.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles