U.S.-China Trade and MFN Status
The subcommittee heard testimony on U.S.-China trade relations and the renewal of most favored nation trade status for China. Most favored n… read more
The subcommittee heard testimony on U.S.-China trade relations and the renewal of most favored nation trade status for China. Most favored nation trade status is renewed every year by Congress for countries with non-market based economies. The Bush administration has advocated the renewal of most favored nation trade status for China, which would open up normalized trade relations between the U.S. and China, on the basis of the necessary trade with the economic giant. Critics of the award of most favored nation trade status with China wish to link the award with economic and democratic reforms by the Chinese administration. They point out the recent two year anniversary of the Tiananmen Square massacre, in which thousands of protesting students were violently removed from an open square in China. In addition, charges have been made that China uses prison labor to produce items for export. Mr. Eagleburger advocated continuing normal trade relations with China, citing the length of time close
People in this video
- Donald Anderson President U.S.-China Business Council
- Curtis Cooke President Russ Berrie and Company Inc.
- Xiaoxia Gong Chairwoman China Information Center, Inc.
- Richard Goodman Vice President Continental Grain Company
- Lodi Gyari President The New Republic
- Anne Himmelfarb Research Associate The New Republic
- Peter Mangione President The New Republic
- Harry Pearce Chairman The New Republic
- Skip Rapp President Hard Core Sports
- Joel Simon Counsel
- William Simon Founder The New Republic
- Peter Suchman Senior Adviser American Assn. of Exporters and Importers
- David Tappan Member U.S. Chamber of Commerce->Board of Directors
- S. Linn Williams Deputy Trade Representative United States
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