Word: farm
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...exports, agriculture is poised to see the largest gains from China's WTO accession. Beijing agreed to eliminate all nontariff barriers to trade, revising rules for sanitary inspections and domestic taxes to comply with WTO standards. Tariffs on all farm products are slated to fall in 2004 to an average of 17%, from 22%. And for certain goods, including animal products, fruits and dairy, tariffs will fall to 14.5%. U.S. agriculture exports to China may nearly double, to $4 billion a year, once the agreement is fully implemented...
Besides grain producers, the big winners will be American producers of meats, citrus and nuts. Sunkist shipped 350,000 cartons of oranges, grapefruit and lemons directly to Shanghai and Dalian last year--an amount expected to double this year--and recently started a multimedia Chinese marketing campaign. Farm-product traders such as ADM, Bunge and Cargill should also profit by being allowed to set up import and distribution companies...
...FARM TRUCKS AND FOREIGN COMPACTS...
...along free-market lines, and it's the only one with a handful of supposedly profitable companies. One company even exports its light trucks to Cambodia. "Beijing wants to keep the countryside happy," says Columbia Business School professor Lee Branstetter. GM recently purchased a stake in a factory producing farm vehicles...
...trigger a process known as apoptosis, in which cancer cells kill themselves. Nuts provide another benefit: they contain vitamin E, a potent antioxidant that may help ward off heart disease and cancer. The downside? At about 150 calories per ounce, they are a sure ticket to the fat farm. Eat them by the handful, not the bowlful...