Trade Issues
WTO Accession and Normal Trade Relations Status
China’s growth as a major economic and trading power has expandedU.S.-China commercial ties, although disputes have arisen overa number of issues, such as trade investment barriers and China’smost-favored-nation (MFN), or normal trade relations, status.The World Bank projects that by the year 2020, China will be theworld’s second largest trading economy after the United States.China’s continued rapid growth has increased concerns among U.S.policymakers that China’s trade regime must be brought in compliancewith multilateral rules in the World Trade Organization (WTO)for U.S. exporters to gain adequate access to the Chinese market.U.S.-China Trade BalanceTotal trade between China and the United States rose from…
