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China WTO Proposal Is Disappointing for Foreign Multinationals
TAIPEI, Taiwan (TheStreet) -- More than a decade after joining the World Trade Organization, China is still holding out on a follow-up agreement that would open up government contracts to foreign firms.
The issue came up again on Dec. 5, when China made its fourth offer to join the WTO's Government Procurement Agreement.
The terms Beijing is offering have already generated public criticism from Europeans and are likely to leave other trading partners dissatisfied.
