Passage Six
World Trade Organization Director-general Renato Ruggiero predicted that the WTO would boost global incomes by ＄1 trillion in the next ten years. The pact paves the way for more foreign investment and competition in telecom markets. Many governments are making telecom deregulation a priority and making it easier for outsiders to enter the telecmmunication business.
The pace varies widely. The U.S. and Britain are well ahead of the pack, while Thailand won’ t be fully open until 2006. Only 20% of the ＄ 601 billion world market is currently open to competition. That should jump to about 75% in a couple of years-largely due to the Telecom Act in the U. S. last year that deregulated local markets, the opening up of the European Union’ s markets from Jan. 1, 1998 and the deregulation in Japan. The WTO deal now provides a forum for the inevitable disputes along the way. It is also symbolic: the first major trade agreement of the post-indus
A. There is a great potential in the world telecom market.
B. The WTO pact has boosted a rapid development of telecom all over the world.
C. The WTO pact has opened up bigger telecom markets to competition.
D. Governments have realized the importance of telecommunication.
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