The deal will mean lowered tariffs to sell products in the Chinese market. Those lower tariffs could mean more chances for international sales. Milacron Inc. For smaller companies, it could be years before they gain increased sales. We'll get our share. Over the next decade, the stakes for local companies are immense.
China is the world's biggest market that remains relatively untapped by Western commerce.
But the impending approval of China's entry into the WTO won't open that market right away. And smaller companies said the same cultural and financial barriers that often make Chinese trade prohibitively difficult aren't going away soon. So for many Greater Cincinnati companies, it amounts to an opportunity that remains far in the future. For anybody else to want to ride in on the bandwagon of the WTO agreement, I think they'll be sorely disappointed. By far the biggest category of exports was industrial machinery and computers, followed by scientific instruments and chemical products.