AEA's Orange County Council Applauds U.S. House Passage of China-PNTR Legislation.Business Editors NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 25, 2000 "AEA's Orange County Council enthusiastically applauds the U.S. House of Representatives for its historic vote yesterday approving 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. status (PNTR PNTR Permanent Normal Trade Relations ) for China. "This is truly a vote of momentous proportions that will not only benefit high-tech businesses and workers, but benefit the overall U.S. economy for decades to come. Here in Orange County, PNTR will engender more high-tech export and job opportunities. The long-term potential of PNTR should not be understated. Enactment of PNTR will ensure that Orange County businesses and workers will -- for the first time -- have fair access to the world's biggest market. "We encourage the U.S. Senate to now move expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex to approve similar legislation to ensure that PNTR goes into effect as soon as China's WTO See World Trade Organization. accession procedures are completed," stated Phil Beaudoin, Executive Director of AEA's Orange County Council. The American Electronics Association The American Electronics Association (now known as AeA) is a nationwide non-profit trade association that represents all segments of the technology industry in the United States. (AEA AEA Atomic Energy Authority AEA n abbr (BRIT) (= Atomic Energy Authority) → consejo de energía nuclear; (BRIT) (SCOL) (= Advanced Extension Award) → ) is the nation's largest high-tech trade group, representing more than 3,000 U.S.-based technology companies. Membership spans the industry product and service spectrum, from semiconductors and software to computers, Internet and telecommunications systems and services. With 17 regional U.S. councils and offices in Brussels, Tokyo and Beijing, AEA offers a unique global policy grassroots capability and a wide portfolio of valuable business services and products for the high-tech industry. For 57 years, AEA has been the accepted voice of the U.S. technology community. |
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