June 12, 1991

1991-06-12T20:09:30-04:00

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The subcommittee heard testimony on U.S.-China trade relations and the renewal of most favored nation trade status for China. Most favored nation trade status is renewed every year by Congress for countries with non-market based economies. The Bush administration has advocated the renewal of most favored nation trade status for China, which would open up normalized trade relations between the U.S. and China, on the basis of the necessary trade with the economic giant. Critics of the award of most favored nation trade status with China wish to link the award with economic and democratic reforms by the Chinese administration. They point out the recent two year anniversary of the Tiananmen Square massacre, in which thousands of protesting students were violently removed from an open square in China. In addition, charges have been made that China uses prison labor to produce items for export. Mr. Eagleburger advocated continuing normal trade relations with China, citing the length of time it took to build, and the advances made by the Chinese government in the previous decade despite the Tiananmen Square massacre.

The subcommittee heard testimony on U.S.-China trade relations and the renewal of most favored nation trade status for China. Most favored… read more