The stage may soon be set for a global trade pact on computer and software products
Article Abstract:
The Asia-Pacific Economic Cooperation (APEC) forum has scheduled two major meetings to consider a global agreement for abolishing tariffs on computer and software products. This Information Technology Agreement (ITA) would free up to $500 billion worth of technology exports each year. Subic Bay in the Philippines will host the 18-member APEC on Nov 22, 1996. The group will meet again on Dec 9 in Singapore, where the agenda will include urging the 100 plus members of the World Trade Organization (WTO) to support this free trade agreement. An agreement resulting from these two meetings will depend on whether or not China will offer enough support by opening its market to outside goods. ITA's success also hinges on settling the European electronic industry's fears regarding competition. If an ITA is reached, and APEC agrees to complete free trade in information technology products, the European Union will be allowed to partake in the recent semiconductor agreement between the US and Japan.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
A theater boom is born in Russian film industry
Article Abstract:
Kodak Kinomir plans to open 15 multiplexes in Russia over the next five years. The investment is projected at $110 million. The operators of Kinomir are part owners of a distribution company with exclusive rights to Walt Disney and Comumbia Tri-Star pictures in Russia. Kodak Kinomir is one of the world's top grossing single screen cinemas. The success of the Kinomir cinema has inspired Russian and foreign investors to invest in the Russian film industry.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Lucent says profit for latest quarter will more than double projections. Cabletron CEO is expected to resign
- Abstracts: Loral satellites for Globalstar Network lost in explosion after Russian launch. Psion profit is flat as palm-top line posts a drop in sales
- Abstracts: In the battle for allies, Aliant and Alliant are fighting words. Telebras wards off competition
- Abstracts: U.S. says securities firms may share information on the Year 2000 problem. part 2 Board of Competitive Technologies setting independent review
- Abstracts: Netscape releases upgrade of its Internet software. IBM to unveil Aptiva PC aimed at schoolchildren