Most-favored-nations Trade Status with China

MFN status entitles a country to economic preferences granted by the U.S. only to its best trading partners. Goods from countries on the MFN list are allowed into the United States at the lowest possible import tax, for instance, making the goods more attractive to U.S. consumers. The Chinese view winning MFN status as very important. China is one of the United States' major trading partners, selling the U.S. some $19 billion worth of goods each year, and the U.S. in turn sells China more than $6 billion worth of products each year. It is the President who decides which nations will receive MFN status. President Bush granted the stat

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ll have a government independent in all matters except defense and foreign affairs. To allay investor uncertainty further, the Hong Kong government is trying to negotiate bilateral investment treaties with a number of important foreign investing countries, an effort approved by both the British and Chinese governments, both of which will have to agree to any such treaties. The United States has agreed to an initial bilateral investment treaty negotiating session that began in November 1991 (Gadzinski, 1991: p. 13). U.S. investors with holdings in China have already had to wrestle with the human rights issues involved and have often done so by finessing the matter. Some companies have abandoned the fight--Levi Strauss & Co. announced this year that it would make its clothes elsewhere because of the "pervasive violation of human rights" in China. This particular defection will have little effect on China, but a wholesale defection would. By the same token, the continuing of U.S. investment in China bolsters the Chinese economy. Proponents of MFN say this is all to the good and will lead to change in time; opponents say it is the problem and that the Chinese system should not be bolstered until it changes its view of human rig
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Approximate Word count = 2700
Approximate Pages = 11 (250 words per page)

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