The new zone would give Japanese exporters of cars, televisions and other manufactured goods greater access to the United States and other markets.
The product was not needed in bulk until it was well-enough made to be used in the expanding shipping industry, and for cars and other manufactured goods that were used by consumers and industry.
Market towns trade crops. Second cities produce and trade manufactured goods. Metropolises design, make and sell everything, especially services.
Exports are either raw materials or manufactured goods. Raw materials are products of the land, such as cotton, timber or rubber.
They envisaged the reduction by 10% annually of tariffs on manufactured goods.
Just as with manufactured goods, exports of meat, produce, and processed foods from China have soared in recent years, prompting outcries from foreign farm sectors that are feeling pinched by low Chinese prices.
The island's problems are beginning to be felt beyond its borders, particularly in China where much of Taiwan's manufactured goods are shipped for final assembly.
A new McKinsey study shows that the country's share of world trade in manufactured goods fell from 6.1% in 1995 to 5.1% in 2004.
And both the economy and currency of Brazil, the country's chief trading partner, have taken off, creating a booming market for manufactured goods.
Developed countries have traditionally maintained low tariffs on primary products and much higher tariffs on semi-manufactured and manufactured goods.
The main victims are big exporters of manufactured goods.
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