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The U.S.–China Relations Act of 2000 is an Act of the United States Congress that granted China permanent normal trade relations (NTR) status (previously called most favoured nation (MFN)) when China becomes a full member of the World Trade Organization (WTO), ending annual review and approval of NTR. It was signed into law on October 10 ...
The status of permanent normal trade relations ( PNTR) is a legal designation in the United States for free trade with a foreign nation. The designation was changed from most favored nation (MFN) to normal trade relations by Section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998. Permanent was added to normal trade ...
Most favoured nation status is given to an international trade partner to ensure non-discriminatory trade between all partner countries of the WTO. A country which provides MFN status to another country has to provide concessions, privileges, and immunity in trade agreements. It is the first clause in the GATT.
President Clinton had in 1993 tied the annual review of Most Favored Nation trading status to China's record on human rights, a decision that was in keeping with popular opinion on China. When this status came up for renewal the next year, Clinton reversed this position and granted China MFN without requiring any changes regarding human rights.
Sen. Tom Cotton discussed legislation to revoke China's “most favored nation” status on "Mornings with Maria."
Clinton's May 28, 1993 Executive Order 128950 linked future extension of China's most favored nation trading status to China's progress on U.S.-defined human rights measures. [ 57 ] : 222 China made virtually no effort to comply with the U.S. conditions and in mid-1994 Clinton changed his position, [ 57 ] : 223 de-linking the China's most ...
Clinton's May 28, 1993 Executive Order 128950 linked future extension of China's most favored nation trading status to China's progress on U.S.-defined human rights measures. [ 126 ] : 222 China made virtually no effort to comply with the U.S. conditions and in mid-1994 Clinton changed his position, [ 126 ] : 223 de-linking the China's most ...
After the two governments settled asset claims dating from the Korean War in 1950, Congress temporarily granted China most favored nation status in 1980. Chinese-American trade was still hindered by the Jackson–Vanik amendment of 1974, which made trade with the United States contingent on certain human rights metrics. [12]