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President Bill Clinton in 2000 pushed Congress to approve the U.S.-China trade agreement and China's accession to the WTO, [13] saying that more trade with China would advance America's economic interests: "Economically, this agreement is the equivalent of a one-way street. It requires China to open its markets—with a fifth of the world’s ...
Accession meant that China would engage in global competition according to rules that it did not make. China's admission was "an enormous multilateral achievement" that marked a clear commitment toward multilateralism. [16] When China joined the WTO, it agreed to considerably harsher conditions than other developing countries.
The Trade Act of 1974 required the trade status of PRC be reviewed annually. On May 15, 2000, Representative William Reynolds Archer, a Republican from Texas, introduced H.R. 4444 to make the trade status of China permanent, saying that the bill was a top priority for the rest of the year and it was vital to the U.S. agriculture market to have access to a market that accounts for one-fifth of ...
[4]: 235–236 China's share of the global trade surplus increased rapidly after it joined the WTO. [7]: 274 The country accumulated large trade surpluses and foreign currency reserves, which greatly increased government resources. [4]: 235–236 China resumed status as a member of the General Agreement on Tariffs and Trade (GATT) in 1987.
Uruguay's application received backlash from Argentina, Brazil, and Paraguay, of which make up the Mercosur trade bloc, particularly following President Lacelle Pou opening negotiations for a free trade agreement with China and signalling his willingness to cut deals with other countries.
On 24 February 1976, the treaty was signed into force by the leaders of the original members of ASEAN. [1] Other members acceded to it upon or before joining the bloc. It was amended on 15 December 1987 by a protocol to open the document for accession by states outside Southeast Asia, [2] and again on 25 July 1998, to condition such accession on the consent of all member states. [3]
Kemi Badenoch signs CPTPP accession protocol in New Zealand, in move set to cut tariffs for UK exporters UK formally agrees to join major Indo-Pacific trade bloc, marking largest post-Brexit deal ...
The Agreement on Government Procurement (GPA) is a plurilateral agreement under the auspices of the World Trade Organization (WTO) which regulates the procurement of goods and services by the public authorities of the parties to the agreement, based on the principles of openness, transparency and non-discrimination.