The Resource CHINA TRADE: WTO Membership and Most-Favored-Nation Status

CHINA TRADE: WTO Membership and Most-Favored-Nation Status

Label
CHINA TRADE: WTO Membership and Most-Favored-Nation Status
Title
CHINA TRADE: WTO Membership and Most-Favored-Nation Status
Contributor
Subject
Language
eng
Summary
China has the largest economy worldwide that is not covered by the WTO. The WTO seeks to promote open and fair international trade through increased transparency (public openness), rules, and commitments to reduce barriers on foreign goods and services, and provide a binding system for resolving disputes. China would like to join the WTO and is currently in the negotiation phase, which is the second of the four-stage process for becoming a member. Joining the WTO will require China to make substantial changes to its economy. Although Congress does not vote on China's WTO membership, the United States Trade Representative (USTR) is required to consult with Congress before a WTO vote is taken. The Administration plans to ask Congress to enact legislation to resolve a potential conflict between the conditional MFN afforded China under U.S. legislation and the unconditional MFN provided by the WTO Agreements. If China becomes a member and Congress has not enacted this legislation, the Administration intends to invoke a WTO provision that would permit the United States not to apply the WTO Agreements to China. An important consequence of taking this exception is that China and the United States would not be obligated to provide each other all the WTO trade commitments that they would give to other WTO member states. In such a situation, U.S. business may not be able to benefit fully from the commitments China will make to open its markets to other WTO members
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIV
http://library.link/vocab/subjectName
  • International trade
  • China
  • Government(foreign)
  • International relations
  • Government and Political Science
Label
CHINA TRADE: WTO Membership and Most-Favored-Nation Status
Instantiates
Publication
Note
Testimony before the Subcommittee on Trade, Committee on Ways and Means, House of Representatives
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
25 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227874624
  • (OCoLC)ocn227874624
Label
CHINA TRADE: WTO Membership and Most-Favored-Nation Status
Publication
Note
Testimony before the Subcommittee on Trade, Committee on Ways and Means, House of Representatives
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
25 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227874624
  • (OCoLC)ocn227874624

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