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Hybrid Electric Vehicle Trade Barriers

Hybrid Electric Vehicle Trade Barriers and Support

The trade barriers in China to importing our hybrid electric vehicle (HEV) have been starting to come down since China entered the World Trade Organization (WTO) in 2001. Although the United States (U.S.) is still pressing China to hold to its agreement to bring down the trade barriers, there are already breakthroughs that favorably affect our business. China has agreed to remove barriers to U.S. exports of high-technology products, for one thing. In addition, China has opened the motor vehicle financing sector, which will provide financing for consumers wanting to buy our hybrid cars. China has also eased auto import quotas, providing an opportunity for us to ramp up our export of larger numbers of our vehicles there. All of these trade barrier reductions will pave the way for increased sales of U.S.-designed and produced automobiles and parts, including our HEV model (ôMaking China Trade a Two-Way Streetö).

Some barriers are non-tariff ones:

The lack of manufacturing and production standards within ChinaÆs electronics market is a non-tariff barrier on U.S. companies seeking to

enter the market. ChinaÆs WTO accession opens a vast untapped market for U.S. information technology and high-tech electronic products. Currently, because there are no generally accepted manufacturing and production standards within ChinaÆs electronics market, a non-tariff barrier exists for U.S. electronic raw material and equipment companies exporting their products into China (ôWorld Trade Organization (WTO) Doha Round û Non Tariff Barriersö).

Support for trade on vehicles such as our HEV has not been specifically defined by China.

Making China Trade A Two-Way Street. Office of the United States Trade Representative. April 2004. Retrieved on August 7, 2005, from: http://www.ustr.gov/Document_Library/Fact_Sheets/2004/Making_China_Trade_a_Two-Way_Street.html

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Hybrid Electric Vehicle Trade Barriers. (1969, December 31). In LotsofEssays.com. Retrieved 02:12, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1712704.html