Permanent Normal Trading Relations

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.
House of Representatives must decide whether to grant to China the permanent normal trading relations extended to virtually every nation on the Earth.
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.
The move is seen as a sop to Democrats that are wary of granting China permanent normal trading relations (PNTR).
Many CEOs hope that establishing Permanent Normal Trading Relations (PNTR) with China will reinvigorate trade liberalization.
granting China permanent normal trading relations (PNTR), although he explained that tensions in the strait have an effect on the way the U.
After his meeting with the foreign minister, Holbrooke told reporters Washington's intense diplomatic push implies "that the president and the administration are totally committed to getting permanent normal trading relations passed and to working in a constructive manner.
But the only way we can get this agreement is for Congress to give China permanent normal trading relations," he said.

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