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 ?
Corporate America allied with the Clinton Administration on winning passage of permanent normal trading relations with Beijing arguably the most important trade vote Congress has taken in recent years.
The Senate Foreign Relations Committee, in the coming days, is slated to consider granting permanent normal trading relations to China.
The answer to that question will be revealed over the next month as the Clinton Administration and Congress deal with two bills where trade and national security questions intersect: the bill to grant China permanent normal trading relations (PNTR) and the Taiwan Security Enhancement Act (TSEA), which will beef up U.
But the only way we can get this agreement is for Congress to give China permanent normal trading relations," he said.
Sam Moore, president of the Kentucky Farm Bureau, told the day's hearing by the Senate Agriculture Committee, "We urge Congress to grant permanent normal trading relations for China as soon as the vote can be scheduled.
Following the US House of Representatives' vote yesterday approving Permanent Normal Trading Relations (PNTR), Fitch IBCA commented that its imminent approval by the US Congress, together with the bilateral agreement between China and the European Union on China's accession to the World Trade Organization (WTO) approved May 19th, could significantly strengthen the sovereign creditworthiness of China and Hong Kong over time.
Many CEOs hope that establishing Permanent Normal Trading Relations (PNTR) with China will reinvigorate trade liberalization.
Today's vote by the House of Representatives to grant Permanent Normal Trading Relations (PNTR) Status to China will result in significant long-term benefits for American business and the economy, and will speed the process of political and economic reform in China, said Harold McGraw III, chairman and CEO of global information provider The McGraw-Hill Companies (NYSE: MHP) today.
mission is to give the public an opportunity to invest in a company that will lead the way in developing international trade and investment opportunities with the People's Republic of China as it achieves Permanent Normal Trading Relations with the United States and accedes to the World Trade Organization.
DigiScents' co-founder and CEO, Joel Bellenson, states, "The establishment of Permanent Normal Trading Relations (PNTR) between China and America is a matter of global significance.
Locke explained that this year Congress is considering legislation to grant China Permanent Normal Trading Relations (PNTR) with the United States.

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