U.S.-China Trade Relations

Research Paper # 116858

Asian Studies
Economics > International
International Relations > U.S.

An overview of the U.S-China trade relations in due course of China's GATT acceptance and their WTO acknowledgements.

3,449 words () | 8 sources | MLA | 2009 | United States

Published on: Oct 26, 2009

Paper Summary:

This paper researches the relationship between the United States and China in regards to trading policies. A brief description of the United States' foreign policy is provided followed by an examination of the US-China trade relation from 1979 to present. The context of the research centers around the four p's in trading; power, principles, prosperity and peace and how in each area China has maintained such variables in trading. The other issues that are discussed as integral to the relationship of US-China trade are US-Soviet relations in regards to the China Card, Tiananmen Square, human rights, and labor standards. The paper concludes that the relationship between the U.S and China as described in the paper is teetering and yet, because of the WTO and foreign investments such as Boeing, trade with China is inevitable.

Outline:
China's Trade
China's Trade Relations
China Card
Tiananmen Square Protests of 1989
Conclusion

From the Paper:

"The concept of trade between countries is one that has been prevalent since the shipping industry of early China. In fact China and its role with the WTO is one in which there exists strain. China became a member of the WTO in December of 2001. China had been an original member of GATT (General Agreement on Tariffs and Trade) but has since declined any efforts towards globalization. However, since its inclusion with the WTO in 2001 China is under specific WTO regulations. These regulations are highlighted as nondiscrimination in trading policies, market opening, transparency and predictability, undistorted trade, and preferential treatment towards developing countries."

Sample of Sources Used:

Adhikari, Ramesh & Yongzheng Yang. "What Will WTO Membership Mean for ChinaAnd It's Trading Partners?" Finance and Development. Vol. 39, No. 3. September2002.
Eckholm, Erik, and David E. Sanger. "U.S. Reaches an Accord to Open China Economy asWorldwide Market." New York Times. 16 November 1999.
Fung, K.C. "The China-United States Bilateral Trade Balance: How Big is it Really?" PacificEconomic Review. Vol. 3, No. 1. (1998). pp33-47.
Fung, K.C. "New Estimates of the United States-China Bilateral Trade Balances." Journal of the Japanese andIinternational Economics. Vol. 15, (2001). pp102-130.
Kapp, Robert A. "Testimony of Robert A. Kapp President, US-China Business Council TradeSubcommittee, Committee on Ways and Means U.S. House of Representatives.The United States-China Business Council." 1998. (Online). Available: http://www.uschina.org/public/testimony/testimony5.html.