Publications:
Testimony of
Philip M. Condit Before the Subcommittee on Trade of the House
Committee on Ways and Means
Beyond the
Balance Sheet: How U.S. Companies Bring Positive Change to
China
China State
Studies Executive Summary
50 State
Reports on effect of trade with China
Corporate
Social Responsibility in China: Practices by U.S. Companies -
Full Report
Statement of
the Business Roundtable on Export Controls: A Comprehensive
Reform
The Case for
U.S. Trade Leadership: The United States is Falling Behind
Preparing for
New WTO Trade Negotiations to Boost the Economy
Trade Myths and
Realities
A Guide to
Creating a Company Trade Fact Sheet
NAFTA Facts
Trade and
Investment Reference Manual
|
China State Studies Executive Summary
THE IMPACT OF INCREASED TRADE
WITH CHINA ON THE 50
STATES
A Series of Reports Detailing the Positive
Benefits
of Trade with China to All 50 States
May 2000
EXECUTIVE SUMMARY
The U.S. Congress soon will decide whether or not to grant
Permanent Normal Trade Relations (PNTR) status to China—the
world’s most populous nation with 1.3 billion people.
The impact of Congress’ decision will be felt throughout
the United States—from coast to coast, in every state, in
cities large and small, by businesses of virtually every size
and type. These businesses depend substantially on access to
international markets for their growth and viability, and have
the potential to prosper greatly, with benefits to employees
and citizens alike, if Congress allows them full access
to China’s enormous market.
The PNTR decision will affect a vast array of products and
services—from computer software and hardware and
semiconductors, to telecommunications systems and the
Internet, to food and agricultural products, such as corn,
wheat, soybeans, beef, pork, poultry, fruit, nuts, wine and
ice cream, to automobiles and chemicals, to financial and
insurance services—all of which are needed by China to develop
its infrastructure and to provide goods and services for its
citizens.
The reports demonstrate the benefits to the United States
that China’s accession to the World Trade Organization (WTO)
and PNTR would provide. The reports are organized by state and
paint a compelling state-by-state picture of the benefits that
could accrue to U.S. companies and employees if PNTR is
implemented.
Among the significant findings in these reports are the
following:
California’s 1998 exports to China totaled $3.5
billion. Its telecommunications industries would benefit
greatly from PNTR’s elimination of tariffs on network
equipment, computers, peripherals, components and
instrumentation.
1998 exports to China were $800.2
million. Under PNTR, tariffs on oranges, lemons and
grapefruit would decrease from 40% to 12%, providing
significant benefits to citrus exporters. The Chinese market
for grapefruit alone could reach $40 million.
, whose exports to China in 1998 were
$1.4 billion, would enjoy increased sales of heavy
equipment, mining and construction equipment, burners,
blowers, valves, auto parts, batteries and cell
phones.
exported $431.2 million in goods to
China in 1998. Under PNTR, health care and biotech companies
would increase exports for medical equipment and
cancer-detecting products.
- New York’s
total stake in exports to China in 1998
was $1 billion. PNTR would benefit companies that make
personal computers (projected to grow by 29% a year through
2002), raw chemicals, photographic and imaging materials,
and insurance, banking and securities firms.
- North Carolina
exported $446.4 million of goods and
services to China in 1998. Companies that would benefit from
PNTR include those that produce wireless networks,
high-speed paging services, mobile telephones, chemicals and
raw materials, and wood and paper products.
- Ohio
exported $521.7 million of goods and services
to China in 1998. Under PNTR, agricultural exports would
increase, as would sales from tires, industrial automation
equipment, consumer and household products, antenna and
wireless equipment, and computer software.
- Pennsylvania
, which exported $468 million in goods
to China in 1998, would increase sales and jobs in flow
measurement instrumentation, and exports of computer
equipment, specialty chemicals, household products, and
software and software-related services.
- Texas
exported $1.2 billion of goods and services to
China in 1998. Under PNTR, exports would increase
significantly for beef and beef variety meats,
semiconductors (projected to become one of the world’s
largest markets in the next decade), computers, wireless
communications, oil and gas.
- Washington
exported $3.2 billion of farm, industrial
and consumer goods to China in 1998. Reduced tariffs would
increase apple exports by $75 million, and substantially
help companies that export fish and fish products, logs and
finished lumber, pulp, liner board and corrugated
medium.
The facts speak for themselves: PNTR and China’s accession
to the WTO are good for both the United States and China.
Congress needs only to grant PNTR to China so the United
States can reap the benefits, or Congress can slam the door
and stand by while our foreign competitors take advantage of
the vast and lucrative China market.
|
HOW THE STATE REPORTS WERE
DEVELOPED
The state reports were prepared for The Business
Roundtable by The Trade Partnership, a Washington,
D.C.-based trade and economic consulting firm dedicated
to the vision that competitiveness is enhanced by
expanding and liberalizing world trade. The
Massachusetts Institute for Social and Economic Research
(MISER) developed the export data used in this report.
MISER is widely recognized as providing accurate and
complete state-specific export data. MISER produces two
export data series, the Origin of Movement Series
(Series I) and the Exporter Locator Series (Series II).
The Trade Partnership used Series I data to prepare this
report. Series I uses export data collected by the U.S.
Department of Commerce and credits to each state the
value of its exports based on the zip code of the firm
or individual at which a product first began its journey
to a port-of-exit. Series I data are the closest
approximation of the value of exported goods actually
produced in a state and are typically used to
measure state-produced exports. |
May 4, 2000
Back to
Top |