Search results
Results From The WOW.Com Content Network
The U.S.–China Relations Act of 2000 is an Act of the United States Congress that granted China permanent normal trade relations (NTR) status (previously called most favoured nation (MFN)) when China becomes a full member of the World Trade Organization (WTO), ending annual review and approval of NTR.
The status was the result of more than a decade of negotiations to bring China into the global trade fold, and which led to China joining the World Trade Organization in 2001.
China resumed status as a member of the General Agreement on Tariffs and Trade (GATT) in 1987. [8]: 163 During Jiang Zemin's tenure, China adopted policies to expand foreign trade and economic relations with other countries through the Maritime Commerce Law (1993), Anti-Subsidy Rules (1997), and 2001 revisions to the Foreign Investment Law.
China gained observer status with GATT and from 1986, began to work toward joining that organisation. China aimed to be included as a WTO founding member (which would validate it as a world economic power ) but this attempt was thwarted because the United States , European countries, and Japan requested that China first reform various tariff ...
The bill, called The Restoring Trade Fairness Act, would end China’s PNTR status and create a new tariff column for China: imposing a minimum 35 percent ad valorem tariff on non-strategic goods ...
China's economy is "one of the most restrictive investment climates in the world", read the expanded section on economic ties that highlighted the U.S-China trade deficit and U.S. businesses ...
The Trade Act of 1974 required the trade status of PRC be reviewed annually. On May 15, 2000, Representative William Reynolds Archer, a Republican from Texas, introduced H.R. 4444 to make the trade status of China permanent, saying that the bill was a top priority for the rest of the year and it was vital to the U.S. agriculture market to have access to a market that accounts for one-fifth of ...
The movement to eliminate the free trade perks China enjoys in the U.S. is gaining steam under Republican control of government. GOP leaders rally to revoke China's 'most favored nation' status ...