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 ?
In order to assure the PNTR issue would receive the necessary attention and survive the reluctance of Congress, US companies took the initiative of "going beyond the MFN".
The PNTR is also envisioned to connect and interoperate with the national trade repositories of other Asean member states to create the Asean Trade Repository (ATR) under the Asean Trade in Goods Agreement (Atiga).
The PNTR bill also contains measures that put pressure on the White House to make sure that Russia abides by WTO rules.
The United States granted PNTR to Albania, Bulgaria, and Cambodia
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.
That a pro-union Democrat with a weak free-trade record like Rangel could support PNTR shows how much the political dynamics over trade have changed in the United States and why passage of the measure was never really in jeopardy.
People don't fully realize his role," says Congressman Barney Frank, who opposes PNTR but is lavish in his praise for Levin.
W&WP: In light of the United States' huge furniture trade deficit with China, how can PNTR help the American furniture industry?
We believe strongly that PNTR will not only benefit the U.
It's often implied that China cannot become a WTO member unless Congress grants PNTR.
Proponents are urging support for legislation that provides China with PNTR status, ending the annual congressional debates on China trade.
PNTR would guarantee Chinese goods the same low-tariff access to US markets as products from nearly every other nation.