Author: United States. Congress. House. Committee on International Relations. Subcommittee on International Economic Policy and Trade
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 64

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Author:
Publisher: Forgotten Books
ISBN: 9780656378821
Category : Reference
Languages : en
Pages : 62

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Book Description
Excerpt from The Impact of Mfn for China on U. S. China Economic Relations: Hearing Before the Subcommittee on International Economic Policy and Trade and the Subcommittee on Asia and the Pacific Committee on International Relations House of Representatives, One Hundred Fourth Congress, Second Session, May 16, 1996 The trading system has to have an agenda that we have thought through clearly. The day is over for China and for us when we do not really look at the realities of the new situation. In today's hearing we have some of our best corporate leaders and government experts and scholars to help us think strategically about China. I can think of no more important issue that will be debated this summer than mfn. So I want to take the testimony we have. From our witnesses today and make sure that all of our 435 Congressmen and our 100 Senators all have an Opportunity to look at this testimony. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author: James R. Lilley
Publisher: American Enterprise Institute
ISBN: 9780844738574
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
A comprehensive examination of America's relationship with China. Both addressing and looking beyond the annual debate on most-favored-nation trading status (MFN), the authors examine the complex economic, strategic, and philosophical issues confronting US policymakers in this critical relationship. The volume also explores the views of the Chinese people themselves, the changing human rights policies of the Chinese government, the political implications of the Jackson-Vanik amendment, and the internal deliberations within the Clinton administration on China policy. Paper edition (unseen), $12.95. Annotation copyright by Book News, Inc., Portland, OR

Author: United States. Congress. Senate. Committee on Foreign Relations
Publisher:
ISBN:
Category : China
Languages : en
Pages : 68

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Author: Richard J. Ellings
Publisher:
ISBN:
Category : China
Languages : en
Pages : 72

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Author: Marcus Noland
Publisher:
ISBN:
Category : China
Languages : en
Pages : 74

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Author: Hugh M. Arce
Publisher:
ISBN: 9781437900958
Category :
Languages : en
Pages : 24

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Book Description
A perennial, high-profile issue in U.S.-China trade relations from 1989, the year of the Chinese government¿s suppression of political dissidents during and after the Tianamen Square incident, to 1997, has been the U.S. renewal of China¿s status for Most-Favored-Nation (MFN) duty treatment. Since 1989, the U.S. has renewed this status annually; however, each time the process for the renewal has occurred under strenuous discussion and debate between U.S. policy makers. It is likely these discussions will receive even more attention. This paper presents a background discussion of the recent history of China¿s MFN status, the composition of U.S. imports from China in 1995, and a brief summary of the literature examining this question. Illus.

Author: Richard H. Solomon
Publisher:
ISBN:
Category : China
Languages : en
Pages : 14

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Author: Ha Jiming
Publisher: Peterson Institute for International Economics
ISBN: 0881327395
Category : Business & Economics
Languages : en
Pages :

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Book Description
Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.

Author: Shunli Yao
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The China-US trade relation has been plagued by the threat of MFN revocation in the past 10 years. The recent passage of China WTO bill in US House of Representatives paves the way for eventually granting China the Normal Trade Relations (NTR, formerly MFN) status on a permanent basis. As a result, the annual review of China?s trading status in the US mandated by the 1974 Jackson-Vanik legislation will come to an end. However, as the ideological and political hostility between the two countries which has motivated the MFN debate still exists, the bilateral trade relation will continued to be haunted by similar threats, though may in different semantics and under different legal justifications. Using GTAP, this paper tries to assess the stakes of the US permanent NTR with China by simulating the MFN removal. Given the fact that 75% of US-China trade is handled by the Hong Kong traders, and textile and clothing accounts for a large portion of China and Hong Kong export to the US, this study focuses on how the Hong Kong?s re-export trade and the Multi-fibre Arrangement (MFA) will complicate the assessment. The US trade sanctions against China will seriously disrupt the bilateral trade and both countries will suffer substantial welfare loss. The trade sanctions will also devastate Hong Kong?s economy, as it serves as a middleman in the US-China trade and will be caught in crossfire. The trade conflict between the US and China will make the countries involved (US, China and Hong Kong) less integrated with rest of the world and others more integrated with the rest of the world. Thus, while the US, China and Hong Kong all suffer welfare losses, other countries all have welfare gains. The assessment of the impact of MFN removal on Hong Kong is made possible by the inclusion of the author?s work on Hong Kong?s re-export margins into GTAP database. Based on this work and the US tariff schedules, the author is able to estimate the effective tariff on Hong Kong?s services export to the US induced by the US trade sanctions against China. A scenario that does not consider the role of Hong Kong?s re-export in US-China trade will over-estimate the damage done to the US, as it ignores the expansion of Hong Kong?s exports of non-services sectors, which will lower the cost of the US import replacement. The US welfare loss is conditional on the existence of MFA. If the US unilaterally relaxes the MFA quota, it will reverse the welfare loss to welfare gain. This is in part because the MFA keeps the prices of the textile and clothing high and this gives the high potential of welfare gain from removing MFA on the US part alone. But if the MFN and the worldwide MFA are removed simultaneously, the US will suffer a welfare loss. In fact, the MFA is going to be phased out in 2005 under the Uruguay round agreement. Without MFA, this paper shows that the US sanctions against China will cause the US $2.9 billion loss. This will be the only outcome and the US will not have any options to buffer the damage. Thus, it is a wise move for the US to grant China the permanent NTR.