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The Case For Permanent Normal Trade Relations With China


The Case For Permanent Normal Trade Relations With China
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The Case For Permanent Normal Trade Relations With China


The Case For Permanent Normal Trade Relations With China
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Author : Committee for Economic Development
language : en
Publisher:
Release Date : 2000

The Case For Permanent Normal Trade Relations With China written by Committee for Economic Development and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with China categories.




China S Long March To A Market Economy


China S Long March To A Market Economy
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Author : Mark A. Groombridge
language : en
Publisher:
Release Date : 2000

China S Long March To A Market Economy written by Mark A. Groombridge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with China categories.




Trade And The Transformation Of China


Trade And The Transformation Of China
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Author :
language : en
Publisher:
Release Date : 1999

Trade And The Transformation Of China written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with China categories.




Giving Permanent Normal Trade Relations Status To Communist China


Giving Permanent Normal Trade Relations Status To Communist China
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Author : United States. Congress. Senate. Committee on Foreign Relations
language : en
Publisher:
Release Date : 2001

Giving Permanent Normal Trade Relations Status To Communist China written by United States. Congress. Senate. Committee on Foreign Relations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Political Science categories.




Permanent Normal Trade Relations For China Message From The President


Permanent Normal Trade Relations For China Message From The President
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Author : United States. Congress. House. Committee on Ways and Means
language : en
Publisher:
Release Date : 2000

Permanent Normal Trade Relations For China Message From The President written by United States. Congress. House. Committee on Ways and Means and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Emigration and immigration categories.




Permanent Normal Trade Relations For China


Permanent Normal Trade Relations For China
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Author : Nicholas R. Lardy
language : en
Publisher:
Release Date : 2000

Permanent Normal Trade Relations For China written by Nicholas R. Lardy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with China categories.




Permanent Normalized Trade Relations With The People S Republic Of China


Permanent Normalized Trade Relations With The People S Republic Of China
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Author : United States. Congress. Senate. Committee on Commerce, Science, and Transportation
language : en
Publisher:
Release Date : 2003

Permanent Normalized Trade Relations With The People S Republic Of China written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.




Granting Permanent Normal Trade Relations Pntr Status To China Is It In The Hearing Committee On International Relations House Of


Granting Permanent Normal Trade Relations Pntr Status To China Is It In The Hearing Committee On International Relations House Of
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Author : United States. Congress. House. Committee on International Relations
language : en
Publisher:
Release Date : 2001*

Granting Permanent Normal Trade Relations Pntr Status To China Is It In The Hearing Committee On International Relations House Of written by United States. Congress. House. Committee on International Relations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001* with categories.




Us Permanent Normal Trade Relations With China


Us Permanent Normal Trade Relations With China
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Author : Shunli Yao
language : en
Publisher:
Release Date : 2001

Us Permanent Normal Trade Relations With China written by Shunli Yao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.


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.



What Governors Have To Say About Permanent Normal Trade Relations With China


What Governors Have To Say About Permanent Normal Trade Relations With China
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Author : Edward T. Schafer
language : en
Publisher:
Release Date : 2000

What Governors Have To Say About Permanent Normal Trade Relations With China written by Edward T. Schafer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with China categories.