Serial No. 105-59: U.S.-China Trade Relations and Renewal of China's Most-Favored-Nation Status: Hearing before the Subcommittee on Trade of the Committee on Ways and Means, House of Representatives One Hundred Fifth Congress, First Session, June 17, 1997 [open pdf - 2MB]
This hearing examines U.S.-China trade relations, including the issue of renewing China's most-favored-nation (MFN) status. Non-discriminatory MFN trade status was first granted to the People's Republic of China on February 1, 1980, and has been extended annually since that time. Annual extensions are granted based upon a Presidential determination and a report to Congress that such an extension would substantially promote the freedom of emigration objectives in Title IV of the Trade Act of 1974, the so-called Jackson-Vanik amendment. Subsections 402 (a) and (b) of the Trade Act set forth criteria which must be met, or waived by the President, in order for the President to grant MFN status to non-market economies such as China. The focus of this hearing is to evaluate overall U.S. trade relations with the People's Republic of China, and to consider the extension of MFN status for China for an additional year on the basis of that country's emigration performance. Also included is testimony on China's emigration policies and practices; on the nature and extent of U.S. trade and investment ties with China and related issues; and on the potential impact on China, Hong Kong, Taiwan, and the United States of a termination of China's MFN status. Witnesses to this hearing include: Charlene Barshefsky, Stuart Eizenstat, Barbara Shailor, Carlos Moore, Earl Blumenauer, John L. Carr, Joy Hilley, Daniel B. Su, Calman J. Cohen, David Dreier, Edvard P. Torjesen, Thomas W. Ewing, Gary L. Bauer, Robert Hall, Robert A. Kapp, Jim Kolbe, Sander M. Levin, Nancy Pelosi, Joseph R. Pitts, John Edward Porter, Matt Salmon, and Daniel B. Su.
Serial No. 105-59