We have supported admission of China to the WTO since we became involved there and view this as a solid step to allow further penetration of the market with our products. In fact, we estimate that our business in China would double in a year with this approval. The job impact on our company is obvious. Not only will our employment increase but we would be in a position to offer more of our products to the China market. But the impact on Shenzhen Farad and its employees may not be so obvious.
Employment is an important element of raising living standards for Chinese citizens.
Each time we help employ a local Chinese citizen, we make human rights issues that much smaller. And, believe me, we are happy to do our part in this. For other small companies, any improvements which would make it more affordable to enter the market would be advantageous to trade growth. Small companies often have good products for the China markets but cannot afford to enter the market. WTO membership would lower market entry expense reducing the costs of paperwork to get goods into the country, enable banking relationships to be established to insure prompt payment for goods.