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Permanent Normal Trading Relations
(redirected from PNTR)

    Also found in: Acronyms 0.03 sec.
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.
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PNTR was favored by business and most Republicans, but opposed by free-trade skeptics and those concerned with human rights conditions in China.
Trading Blows: Party Competition and U.S. Trade Policy in a ... by Perkins, William C. / Presidential Studies Quarterly
I'm sorry we ever passed PNTR and I'll do my best to take it back.
U.S. lawmakers call for revocation of Chinese trade benefits by Asian Economic News
The reason: When members of Congress were presented with the specifics of a concrete agreement, even those politicians who are generally less comfortable with trade agreements voted in favor of passing PNTR.
Should The U.S. Bury Fast Track? by RICHTER, STEPHAN / Chief Executive (U.S.)
 
 
 
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