The Date: January 1,
2001 Last year, Congress Enacted Permanent Normal Trade Relations
with China.
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U.S. farmers, workers and companies
benefit from more opportunities to export U.S. goods and farm
products to China.
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American firms have begun to invest in
China's Internet, telecom, banking, securities and insurance
sectors.
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U.S. companies begin selling directly
to customers, without Chinese state-owned middlemen.
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The Date: January 1,
2001 Last year, Congress FAILED to Enact Permanent Normal Trade
Relations with China.
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Japanese and European farmers and
companies benefit fully from China's WTO membership, while U.S.
farmers and companies must sit on the sidelines.
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Foreign competitors gain the exclusive
ability to invest in China's emerging services industry, while
U.S. firms are locked out.
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Foreign competitors begin selling
directly to Chinese customers, while U.S. firms don't have trading
rights and must use state-owned middlemen for distribution.
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