China As Most Favored Nation Essay

1718 words - 7 pages

The most-favored-nation status, given by the United States, is very important in China's run to become the world's strongest nation. China is a sleeping giant that just needs the opportunity to wake up, and China believes that the United States granting them the most-favored-nation status is this opportunity. China has the world's largest population with lots of untapped potential. Opening this enormous market to the United States is very advantageous to both countries if they can cooperate, but it is not easy for two competing world powers with different cultures to work together in harmony.The United States started the most-favored-nation trade status as a version of the European preferential trade system. The United States first granted most-favored-nation trading status to China in 1979 , following the historic efforts of President Nixon during the 1970's to restore diplomatic ties. Historically, there was a big difference that 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 opportunity to negotiate most-favored-nation status when most-favored-nation status was extended to another trading partner. Thus meaning that the United States gives significant economic advantages to one nation in the form of most-favored-nation trading status.China was granted most-favored-nation status in 1979 after lots of debate from the American congress. Some of the Americans did not want China to be granted most-favored-nation status because China was a communist country. The United States also wanted China to improve their current policies. After five years of decision-making, the Americans approved, and most-favored-nation status was given to China.The renewal of China's most-favored-nation trade status has been supported by Chinese liberalization of its own emigration policies. Six hundred and twenty-five thousand Chinese citizens traveled abroad in 1990. In 1990, the Chinese government issued 280,000 new passports for its citizens. During the same time, the United States issued seventeen thousand immigrant visas through consular offices in China, the full number allowed by American immigration law. The problem with Chinese emigration is not that they don't want people to emigrate, but that the other countries didn't want their immigrants. Most-favored-nation status for China continues to provide an incentive for further advancement in this area as well as smoothing out the contacts that the United States established well over a decade ago.By granting China most-favored-nation trade status the United States has started that long and tedious process of bringing China out of the dark ages. In order...

Find Another Essay On China as Most Favored Nation

China in 19th century Essay

895 words - 4 pages incoming Western literature, such as Darwin's theory, all of the different sectors of society are brought shock.Diplomacy, foreign imperialism using unequal treaties to meet the requirements to carry out commercial and trade activities in China, such as " Humen Treaty " in the MFN(most favored nation treatment) ,enable countries got the same but unfair benefits.虎門條約Tariff autonomy (lost the power to decide tariff rate

The colonialism and imperialism in China in the 19th century

895 words - 4 pages incoming Western literature, such as Darwin's theory, all of the different sectors of society are brought shock.Diplomacy, foreign imperialism using unequal treaties to meet the requirements to carry out commercial and trade activities in China, such as " Humen Treaty " in the MFN(most favored nation treatment) ,enable countries got the same but unfair benefits.虎門條約Tariff autonomy (lost the power to decide tariff rate

A Rising China Will Benefit the US and its Allies

867 words - 4 pages China’s “most favored nation” status generated acrimonious debate in the US House of Representatives. “These people don't think like us,” said Joe Scarborough, a Representative from Florida. “They don't share our values. They only understand that the U.S. continues to kowtow to them.” (qtd. in Schmitt par. 18). Yet, despite the harsh rhetoric from many members of Congress, the Clinton administration continued to push for greater openness with

China and the World Trade Organization

773 words - 4 pages possible reasons to deny China Most Favored Nation status. Further, once a member, Chinese negotiators would have some influence in making the rules of international trade and therefore be able to weigh in on the issues that concern them. They also would have more credibility and clout to deal with their own grievances on dumping and other trading issues. Finally, China wanted to make sure that Taiwan did not join first so that China would have a

Final Exam

1299 words - 6 pages in the past Japan's military can be a great threat not only to other Asian nations but to other great nations such as the United States. Japan also aims to build up its allies hoping that expanding their allies will create a broader network in case of an attack. Though most of Japan's threats are near by, in China and the Koreas, the long open-ended conflicts between Asian nations seems to have no signs of ending. In 2024, Japan still will

Chinese and American Foreign Policy

2874 words - 11 pages violations, like the Tiananmen Square massacre that happened in 1989. In this massacre thousands of Chinese students were murdered for holding pro-democracy demonstrations. This resulted in an angered President George Bush suspending all high-level governmental exchanges. After having been suspended in 1951, most-favored nation status was restored to China in 1980 conditionally under the Jackson-Vanik freedom-of-emigration amendment of the Trade

Market Exchange

704 words - 3 pages growth rate of -0.6%. Bangladesh is the eighth most populous country with a population of 141 million and an annual growth rate of 2.1%. Nigeria is the ninth most populous country with a population of 137 million and an annual growth rate of 2.9%. Japan is the tenth most populous country with a population of 128 million and a annual growth rate of 0.1%. (2004 World Population Data Sheet, 2004, p. 2-12)China, as of 2002, became the largest recipient of

US-China Cooperation or Conflict

1855 words - 7 pages Security The US-China relationship is one dependent on power and influence in the international community. US policy’s, self-centered, unilateral approach has resulted in a greater security presence in East Asia to help the power struggle of ASEAN and East Asian states. This struggle exists due to a lack of trust. As China rises, it’s actions become unclear to the peripheral states resulting in a favored US presence for security. In order for the

"China's entry into the World Trade Organisation in 2001 has substantially lowered the risks for MNEs competing with Chinese firms now."

1750 words - 7 pages ].Amadeo, K 2007, "Most Favored Nation Status" [online], About: US economy,Available: http://useconomy.about.com/od/glossary/g/Favored_Nation.htm [2007, May 3]."China economy: Ten-year growth outlook" [ABI/Inform Global], 2007, EIU ViewsWire, New York, Available:http://proquest.umi.com/login?COPT=REJTPTMmU01EPTEmSU5UPTAmVkVSPTI=&clientId=25620 [2007, May 1]."China's entry to the WTO" [online], 2000Available: http://www.tdctrade.com/econforum/citi

U.S. Free Trade with China

2822 words - 11 pages agriculture" (Weidenbaum 228). Two great powers, China and the US, are actually locked in a multi-layered symbiotic relationship. Engaging in free trade with China sets a framework for greater profits for corporate US. China is not only the most populous nation in the world giving it great purchasing power, but its economy now is more than half as large as that of the U.S. and larger than Japan's. There are two focal points which

China in the Media

995 words - 4 pages Different regions and nation states of the world have diverse opinions on China and the United States. According to enquiries the attitude towards these two dominant countries is always fluid. The public point of view towards the two countries is majorly centered on reciprocated paybacks and the command of influence. It can be argued out that United States is predominantly popular with its associates as opposed to China that has no long term

Similar Essays

China As Most Favored Nation Essay

3426 words - 14 pages 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

How Clinton Failed To Protect United States Interests From China

2599 words - 10 pages policy and renege on promised exchanges of human rights reforms for trade benefits. In return for Chinese transgressions, Clinton did not seek to punish China. Instead, Clinton perpetuated China's most favored nation status and helped China obtain admission to the World Trade Organization. Meanwhile, China was busy setting up unilateral trade barriers against US products. As Bernstein and Munro investigated China's trade policies, they discovered

Cfp Final Paper

1406 words - 6 pages well. Economically speaking, the institutionalization of trade came about. They signed an agreement giving each other the term “most favored nation status.” In 1978, China and Japan were working on a peace treaty, but because Japanese conservatives did not like that this was happening, they started bringing up past issues with the islands and its boundary issues, causing a ruckus. China calmed the dispute and shelved it for later generations to

The Sino American Relationship Essay

1954 words - 8 pages USA market offers great promise for their products as well as China for the US. China is continuing on the road of Communism but with a market economy instead of that modeled after Marxist type economy practices as those of the past. China was a favored nation and in that it has found much economic prosperity, the trade deficit in favor of China has reached a 4.3 billion-dollar mark. The United States is the third biggest trading partner of China