ABSTRACT

China-U.S. Trade Issues [Updated May 16, 2003]   [open pdf - 92KB]

"U.S.-China economic ties have expanded substantially over the past several years. Total U.S.-China trade rose from $5 billion in 1980 to $147 billion in 2002. China is now the fourth-largest U.S. trading partner. With a huge population and a rapidly expanding economy, China is a potentially huge market for U.S. exporters. Yet, U.S.-China commercial relations have been strained by a number of issues, including a surging U.S. trade deficit with China ($102.3 billion in 2002), China's restrictive trade and investment practices, and its failure to provide adequate protection for U.S. intellectual property rights (IPR). […] Many Members of Congress have called on the Bush Administration to closely monitor China's compliance with its WTO [World Trade Organization] commitments. In December 2002, the USTR [U.S. Trade Representative] issued its first annual China WTO compliance report, finding that, although China had made significant progress in meeting its WTO obligations, a number of major problems remained, especially in regards to agriculture, services, IPR protection, and transparency of trade laws and regulations."

Report Number:
CRS Issue Brief for Congress, IB91121
Author:
Publisher:
Date:
2003-05-16
Series:
Copyright:
Public Domain
Retrieved From:
United States. Department of State, Foreign Press Centers, Bureau of Public Affairs: http://www.fpc.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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