ROCOG Admits To Rushing Village Completion Rio Expected To Run 43% Over Budget Athletes Village Yet To Pass Safety Tests Russia Reportedly Offered Deal To IOC IOC Criticized For Allowing Russia To Field Team Australians Unhappy With Olympic Village USA Gymnastics Agrees To Buy Karolyi Ranch Editorials Call For Complete Russian Oly Ban Tennis Players Drop From Games Citing Zika Russia Expects Rio Decision By Sunday
U.S./CHINA REACH HISTORIC AGREEMENT
Published March 24, 1995
Officials of the Chinese Olympic Committee (COC) and ACOG announced an agreement to designate Zong Ao Physical Development Co. (ZAPD), Beijing, as an agent for trademark licensing programs in China for trademarks and symbols owned by ACOG -- the first deal of its type ever reached between the U.S. and China. Under the deal, Chinese manufacturers who wish to use the trademarks, symbols and designations owned by ACOG will apply for a license through ZAPD. In return, the manufacturers will return a portion of their receipts as royalties to ZAPD, the COC and ACOG (ACOG).