Trade is likely to be one of the most important issues under discussion during the forthcoming visit of President Nixon to the People's Republic of China.
Trade is likely to be one of the most important issues under discussion during the forthcoming visit of President Nixon to the People's Republic of China. While new avenues of trade relations between the United States and China may result from the meetings with leaders in Peking, China has already built up a wide and expanding range of international commerce.
Chinese trade with Japan and parts of Africa has been a steadily-developing enterprise. And in recent years, she's been extending her commercial activities to include parts of Europe and Canada. Recently China ordered six British-built jets for her state-run airline.
In the past months, barriers to trade with the United States have been based -- and Chinese goods have been available in growing numbers in America. And on Tuesday (15 January), President Nixon announced a further relaxation of restrictions on trade with China. The main effect of the President's action is to enable China to purchase a full range of goods that the Soviet Union is already permitted to buy from the Americans.
This library compilation underscores some of the significant developments in China's growing trade activities in recent months as she prepares for the historic meeting with the American President.
SYNOPSIS: Last June, an American freighter began unloading goods from the People's Republic of China in New York harbour. The operation marked the first shipments from China to the United States since President Nixon partially lifted the American embargo on Chinese goods. And trade is likely to be an important topic in talks between President Nixon and Chinese leaders when he makes his visit to China next week. Already, Chinese goods are on sale in the United States. Interest in China has grown -- particularly since their entry to the United Nations. But increased trade with America is only part of China's commercial enterprises.
Chinese trade with African is an already well-established and thriving fact. And last October, Ethiopia's Emperor Haile Selassie, visited an export commodities fair in Kwangchow. Earlier during his Chinese visit, he'd witnessed the signing of a joint trade agreement.
Earlier in the year, representatives of another of China's many trading partners visited Peking -- this time from Canada. Canadian wheat has long been a favourite product of the Chinese and both countries want to expand the scope and quantity of their trade. China trades elsewhere in the Americas as well -- Peru and Guyana are just two examples.
Chinese trading activity in Europe has been growing recently as delegations come and go across each others' countries. Last December, the Chinese table tennis team visited an aircraft factory near London. The Trident airliner is built there and the Chinese airline is buying six of them -- worth about twenty million Pounds Sterling. A sale like this is reportedly something unusual particularly now that China is setting more goods aside for export and decreasing imports.
In October, Chinese trade with Italy received a boost with the signing of a trade agreement in which both countries granted each other a "most favoured nation" treatment. The agreement, which is renewable annually, provides a new avenue for Chinese exports. China's move to sell more abroad isn't reportedly linked to any short-term objective -- instead, it's the result of the country's overall growth in production which allowed more goods to be set aside for export. During their visit to Italy, the Chinese delegation travelled to Milan where they visited factories of the Breda group. Here, the delegation visits a plant where nuclear arms are made. Other notable visits by Chinese trade delegations have been to Toulouse, in France, where the Concorde is made. There've been unconfirmed reports that the Chinese airline may order the supersonic airliner.
The Canton Trade Fair is China's commercial showcase -- and last year representatives from Japan visited in large numbers. Japan is China's biggest trading partner. Mr. Nixon's trip to Peking may open even the bigger market of the United States.