Permanent normal trade relations for China: An historic moment for U.S.-China relations

Permanent normal trade relations for China: An historic moment for U.S.-China relations

President Clinton's Signing of Legislation Establishing Permanent Normal Trade Relations For China Marks An Historic Moment In U.S.-China Relations. Establishment of PNTR with China will open markets for U.S. goods and services and strengthen U.S.-China relations, continuing to pave the way toward economic freedom for the Chinese people.

China's Accession Will Help Promote Reform In China And Create A Safer World. China's accession to the WTO will encourage Chinese leaders to move in the direction of meeting the demands of the Chinese people for openness, accountability, and reform. The agreement negotiated last December with China:

China's Entry To The WTO Will Slash Barriers To The Sale Of American Goods And Services In The World's Most Populous Country. China's entry into the WTO will dramatically cut import barriers currently imposed on American products and services. This agreement locks in and expands our access to a market of over one billion people. China's economy is already among the world's largest and over the past 20 years has expanded at a phenomenal annual rate of nearly 10 percent. During this period, U.S. exports to China have grown from negligible levels to over $14 billion each year. For agriculture alone, USDA estimates that China's WTO accession would result in $2 billion annually in additional U.S. agricultural exports by 2005.

China Made Unilateral Concessions; We Will Simply Maintain The Market Access Policies We Already Apply To China. China made significant, one-way market-opening concessions across virtually every economic sector, including increasing access to its markets for agriculture, services, technology, telecommunications, and manufactured goods. China also agreed to eliminate unseen barriers, such as exclusive rights to import and distribute goods.



What's New at the White House

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What's New Archives 1997-1999

What's New Archives: 1994-1996

Presidential Webcast: Meeting the Challenge of Global Warming

President Clinton Joins International Religious and Domestic Aids Policy Leaders to Mark World Aids Day

Urging Congress to Keep its Commitment and Complete this Year's Education Budget

To Implement Title V of the Trade and Development Act of 2000 and to Modify the Generalized System of Preferences

Preserving America's Coral Reefs

Human Rights Day: The Eleanor Roosevelt Award and The Presidential Medal of Freedom

President Clinton Launches New Effort to Increase Immunization Rates Among Children

President Clinton and Vice President Gore: Restoring an American Natural Treasure

Progress in Efforts to Combat International Crime

President Clinton's New Markets Initiative: Revitalizing America's Underserved Communities

President Clinton, Vice President Gore, and Congressional Democrats Win a Landmark Budget

Announcing Welfare Reform Achievements and Budget Wins for America's Families

President Clinton Issues Strong New Consumer Protections to Ensure the Privacy of Medical Records

Enacting a Budget that Invests in Education, Health Care, and America'

President Clinton Appoints Roger Gregory to the United States Court of Appeals for the Fourth Circuit

President Clinton Announces New Steps to Improve Nutrition and Education for Children in Developing Countries

The United States on Track to Pay Off the Debt by End of the Decade

President Clinton: Strengthening the Federal Government-University Research Partnership

Keeping the Heat and Lights On During Unusually Cold Weather


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