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china

What is the debate on weather or not China should retain favored-nation trading status all about? Is it really a decision on what is best economically for the United 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 negative 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 Administration first granted most-favored-nation trading status to China in 1980, following the historic efforts of President Nixon during the 1970's to restore diplomatic ties. Historically, a significant 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 country's extension of tariff concessions guarantees the same concessions to all nations associated with it through commercial treaties. American conditional most-favored-nation status provided treaty signatories only the opportunit


Faison, Seth "U.S. And China Reach Late Agreement on Textiles," New York Times, February 3, 1997 http://www.mtholyoke.edu/acad/intrel/chintex.htm

Another problem with the Chinese exporting goods that may be produced in a forced labor environment is that it not legal. United States law prohibits importing goods or other commodities from any country produced through the use of forced labor, although getting actual proof of violations for certain imported goods is and will remain to be a very large challenge.



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Approximate Word count = 3442
Approximate Pages = 14 (250 words per page double spaced)


  

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