1. Hong Kong
... business possibilities. In practice, WTO membership means that it has agreed to accept globally common trade rules for the first time in its history (Jianrong, 1999). Thus, China will be on the way to free market reform; it must reduce tariffs on a broad range of products and eliminate most of ... the investment and trade barriers; thus, moving towards Hong Kong's already and far-long established system. The ... many exciting business opportunities for foreign companies (Yam, 2000). According to Yam, "tariff reductions allow comparative advantage greater play; they will help eliminate ...
- Word Count: 3624
- Approx Pages: 14
- Grade Level: Undergraduate