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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.


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The Senate Foreign Relations Committee, in the coming days, is slated to consider granting permanent normal trading relations to China.
House of Representatives must decide whether to grant to China the permanent normal trading relations extended to virtually every nation on the Earth.
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.
 
 
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