The mainland's accession to the World Trade Organisation (WTO) will speed up domestic enterprises' reform and boost transportation-related industries first. According to First Shanghai Capital China desk head, Gao Mei, it will speed up the improvement through faster injection of foreign investment and technology into local firms. However, she told an investment seminar, while some industries could capitalise on WTO entry, some would suffer from increased foreign competition. She said heavy industries, agriculture and businesses engaged in the production of steel, cars, electronics, electrical machinery and chemicals would be put under pressure. Other previously government-protected sectors, such as retail and distribution, telecommunication, insurance and finance would also be affected. Research manager Linus Yip singled out transportation-related industries to be the first to benefit. 'The growth in transportation volume of both goods and people will certainly boost the businesses of container-leasing, terminal operations, warehousing, airlines and toll roads,' Mr Yip said. Eliminating restrictions on the country's textile exports by 2004 would also benefit textile and textile machinery manufacturing industries. Ms Gao estimated mainland foreign trade could eventually be 10 per cent of the world's total.