Printer Friendly

US DEPARTMENT OF COMMERCE AWARDS FIRST-EVER GRANT FOR US/BEIJING INFORMATION TECHNOLOGY OFFICE

 Three High-Tech Industry Associations Join Together to Build
 US Exports to China
 WASHINGTON, Oct. 26 /PRNewswire/ -- The US Department of Commerce announced today that it will contribute $420,000 of a $1.5 million matching grant to three US trade associations -- American Electronics Association (AEA), the Software Publishers Association (SPA), and Telecommunications Industry Association (TIA) -- to establish the US Information Technology Office (USITO) in Beijing, China. USITO will benefit the American information technology industry and help increase American exports to Asia's largest market. USITO will be an independent entity funded through the grant and by contributions from each of the three associations and participating US companies.
 The Chinese market offers unique export opportunities: electronics consumption was estimated to be over $3 billion in 1993 and growing exponentially. "China is the fastest growing market in the world," stated J. Richard Iverson, AEA President and CEO, "It is a place of tremendous opportunities for US companies -- especially in the telecommunications and information infrastructure areas." The computers and peripherals markets alone are expected to grow 42% in 1993-95 and the software and telecommunications markets are each expected to grow 20%. As China moves forward with new economic reforms, the country's infrastructure is being expanded and upgraded. American companies can play a key role in these major endeavors. "China plans to spend more than $50 billion on modernizing and expanding its telecommunications infrastructure over the next six years, clearing a huge and attractive market for US suppliers," noted TIA President Matthew Flanigan.
 USITO will be committed to developing the business climate in China and making its markets more receptive to American companies, especially in the areas of trade barriers, public policy, and intellectual property protection. "For the software industry, China represents an enormous opportunity. However, before American software companies can tap China's huge potential, Chinese computer users must understand the benefits of purchasing legal software. If the level of software piracy in China declines, China will become the industry's largest new export market," stated SPA Executive Director Ken Wasch. In addition to increasing American exports, the presence of these products and new technologies in China will help to accelerate that country's participation in the rapidly expanding global information infrastructure.
 The American Electronics Association is the largest US electronics high technology trade group in the country, representing over 3,000 US-based technology firms. Membership spans from telecommunication and software firms, to system integrators and semiconductor companies. For more than fifty years, AEA has been the accepted voice of the US electronics and information technology industry.
 The Software Publishers Association is the principal trade association of the PC software industry. Its 1,100 members include major business, consumer/leisure, and education software companies, as well as many smaller software firms and hardware systems manufacturers. The SPA has offices in Washington, DC and Paris, France.
 The Telecommunications Industry Association is a nationwide trade association representing the interests of 570 US telecommunications suppliers, 80 percent of which are small and medium-size companies. TIA's members manufacture all of the products necessary for modern telecommunications networks.
 -0- 10/26/94
 /CONTACT: Bill Krist, senior vice president-International of the American Electronics Association, 202-682-9110; Ken Wasch, executive director of the Software Publishers Association, 202-452-1600, ext. 310; or Eric Nelson, director-International Affairs of the Telecommunications Industry Association, 202-457-7737/


CO: Software Publishers Association; American Electronics Association;
 Telecommunications Industry Association; U.S. Department of
 Commerce ST: District of Columbia IN: CPR SU: EXE


KF-AM -- DC012 -- 1785 10/26/94 11:31 EDT
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 26, 1994
Words:577
Previous Article:FIRE SPRINKLERS MAKE REMODELING A SAFE INVESTMENT
Next Article:CHICAGO ZONE FIRST IN SALES OF GRAND AM, GRAND PRIX, & BONNEVILLE
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters