Permanent Normal Trading Relations

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Permanent Normal Trading Relations

The term in the United States for most favored nation status. Permanent normal trade relations entitle a country to the lowest possible tariffs that it can assess on another country. For example, if the lowest tariff of the U.S. is 2% of the value of a good, it charges this percentage on an import from a country with which it has permanent normal trading relations.
References in periodicals archive ?
The PNTR bill also contains measures that put pressure on the White House to make sure that Russia abides by WTO rules.
PNTR, on the other hand, along with its corresponding policy of positive engagement, promises to be far more productive for improving relations.
Further conveying this implication, in your own signed piece in the issue, "The Joys of PNTR, According to the Fortune 500," you specifically refer readers to my article.
But the pundits failed to take into account a number of circumstances that augured well for passage: a booming economy that has helped mute the cries of protectionists, the enormous economic benefits the United States gains from the deal, a willingness by a united business community to link PNTR to such issues as human rights, and support from a number of old-line labor Democrats.
W&WP: Do you foresee PNTR status with China in a similar light as the NAFTA agreement?
Over the long haul, American workers will have much to gain from PNTR because protectionism is clearly not in their own interest.
Asian leaders could well regard a rejection of PNTR status as a sign that the U.
Carty said that PNTR means more trade and 'more trade means more travel.
If Congress fails to pass PNTR legislation, every WTO member except the United States will enjoy liberalized access to China's market.
Ecolab supports enactment of PNTR with Russia given the size of the Russian economy and the considerable export opportunities that this presents for U.
Without PNTR, American companies that export to Russia would have remained at a competitive disadvantage compared to European and Asian-based companies that export to Russia.
Russia PNTR legislation is needed to put manufacturers in the United States on an even playing field in one of the largest emerging markets in the world, said NAM Vice President of International Economic Affairs Linda Dempsey.