The administration has asked Congress to approve permanent NTR by June, fearing further delay would bog it down in election politics. We're going to pass it into law. China has promised to open its markets to U.S. goods and services in exchange for White House and congressional support for WTO membership. China also promised to open its markets to other U.S. entertainment goods, such as music. For Hollywood, that could mean billions of dollars in extra revenue if Congress OKs the trade deal, which the Clinton administration fully supports.
Trade is much more than goods and services.
It's an exchange of ideas. Ideas go where armies cannot venture. That's no surprise when looking at the potential growth in overseas movie sales. The first three didn't do much overseas, when compared with U.S. movie ticket sales. Inc. All Rights Reserved.