China As Most Favored Nation Essay example -- essays research papers

What is the debate on weather or not China should retain prosperous-nation affair situation all(a) about? Is it real a decision on what is best economically for the unite States, and China.Or is it the issue of Chinese human rights violations and the fact that if the United States where to revoke the favored nation status of China it would have a profound prejudicious impact on the U.S. economy alone.(+)Most-favored-nation trade status started in the United States as a version of the European preferential trade system. The Carter judicatory first granted most-favored-nation trading status to China in 1980, following the historic efforts of President Nixon during the 1970s to restore diplomatic ties. Historically, a squ be difference existed between the unconditional most-favored-nation clause in European trade law and the American version of conditional most-favored-nation. under unconditional most-favored-nation status, one countrys extension of tariff concessions guarant ees the same concessions to all nations associated with it through commercial treaties. American conditional most-favored-nation status provided promise signatories only the opportunity to negotiate most-favored-nation status when most-favored-nation status was extended to another trading partner. Thus meaning that the United States gives significant economic advantages to one nation in the form of most-favored-nation trading status.Under the Trade Act of 1974, most-favored-nation status could only be granted to China through a Sino-American bilateral commercial agreement and satisfaction of the Jackson-Vanik Amendment requirements. The Jackson-Vanik amendment states that the President of the United States may grant a commie country such as China most-favored-nation trade status if it was in conjunction with a trade agreement and upon proper usefulness that China would permit emigration. Also China would have to satisfy that they are moving toward improving current policies. The conclusion of the US-PRC commercial accord in July 1979, and the initial waiving of the Jackson-Vanik requirements, and with Congressional approval, most-favored-nation status was granted to China. This action soused the successful efforts of the Carter Administration to create social and economic ties through Sino-American relations.The regeneration of Chinas most-favored-nation trade status has been s... ...t-favored-nation status. By well-favored stats and other figures that show just how this issue has the ability to effect the economies of two the United States and China.Works Cited(-)Morrison, Wayne M. 91121 China-U.S. Trade Issues Updated November 27, 1996 <a href="http//www.fas.org/man/crs/91-121.htmsumm">http//www.fas.org/man/crs/91-121.htmsumm(+)Robertson third , Grayson R The China-MFN Controversy The Case For Maintaining Chinas MFN Status Part 1 <a href="http//www.china-net.org/CCF94/ccf9409-3.html">http//www.china-net.org/CCF94/ccf9409-3.ht ml(=)MARKET ACCESS AND PROTOCOL COMMITMENTS <a href="http//www.ustr.gov/releases/1999/04/ch-memo.html">http//www.ustr.gov/releases/1999/04/ch-memo.htmlDelay, Tom China-U.S. Trade Issues <a href="http//www.majoritywhip.house.gov/China/980717CRSTradeRelations.asp">http//www.majoritywhip.house.gov/China/980717CRSTradeRelations.aspFaison, Seth "U.S. And China Reach Late symmetricalness on Textiles," New York Times, February 3, 1997 <a href="http//www.mtholyoke.edu/acad/intrel/chintex.htm">http//www.mtholyoke.edu/acad/intrel/chintex.htm