Posted in

China and a Failed WTO Accession

In 2000 the U.S. Congress passed legislation establishing Permanent Normal Trade Relations (PNTR) with China. The foundation for this successful China vote was established in 1998 when Congress adjusted terminology to rebrand “most favored nation” as “normal trade relations.” These and other shenanigans by Congress enabled China ultimately to enter the World Trade Organization (WTO) in December 2001. This fundamentally changed the economic role that China plays globally, propelling it to the second-largest economy in the world today.

Share