Permanent Normal Trading Relations

(redirected from Permanent Normal Trade Relations)
Also found in: Acronyms, Wikipedia.

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 ?
With the repeal of Jackson-Vanik and permanent normal trade relations with Russia, our industry and others in the United States are poised to take advantage of the historic opening of the Russian economy.
Some Congress members and industry executives say they are concerned that providing permanent normal trade relations status to China will lead to a continued rise in the U.
By clicking on the link, farmer-owners could learn about permanent normal trade relations with China or sanctions reform.
Regarding the Senate taking up the China permanent normal trade relations legislation, Nickles said it's on the agenda.
China's WTO entry and permanent Normal Trade Relations between the United States and China are confused and confusing.
IN STATING HIS OPPOSITION to permanent normal trade relations with China, Rep.
This will happen whether or not Congress passes legislation conferring permanent normal trade relations status (PNTR) on China.
The following statement can be attributed to Gary Shapiro, president and CEO, Consumer Electronics Association (CEA)([R]), following the vote in the Senate to remove Russia from the Jackson-Vanik Amendment in order to establish permanent normal trade relations with Russia:
6, 2012 /PRNewswire/ -- Boeing (NYSE: BA) today commended the Senate for its approval of legislation previously enacted by the House that establishes Permanent Normal Trade Relations (PNTR) with Russia.
Boeing (NYSE: BA) has voiced its strong support for legislation introduced TODAY in the Senate that would establish permanent normal trade relations with Russia upon that nation's accession to the World Trade Organization.
At the top of the Obama administration's trade agenda for 2012 is convincing Congress to grant permanent normal trade relations status to Russia, according to Michael Froman, deputy national security adviser for international economic affairs.
Trade Deficit Review Commission reports: "In the months since the enactment of Permanent Normal Trade Relations (PNTR) legislation with China there has been an escalation of production shifts out of the U.

Full browser ?