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To: 1rudeboy

In 2007-08 Willard was urging trade with China and insisting that China be given favorite nation status...


15 posted on 01/24/2014 7:01:45 AM PST by Tennessee Nana
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To: Tennessee Nana

There’s no such thing as “favorite nation” status. “Most favored nation” status (a term that creates a lot of confusion) means that the nation operates off of the standard tariff sheet. There are some exceptions for specific products, but that is a separate issue.


17 posted on 01/24/2014 7:09:13 AM PST by 1rudeboy
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To: Tennessee Nana
In 2007-08 Willard was urging trade with China and insisting that China be given favorite nation status...

Here's a related piece of information that many are not aware of:

"China was admitted to the WTO after promising to accept its rules about free trade. But as the lawyers say when you end up disappointed by a contract, you should have read the fine print. The fine print in China's WTO agreement was in an attached document euphemistically labeled an "accession agreement," which gave China status as a "nonmarket economy" and spelled out thousands of details about special preferences for China"

China Celebrates Outwitting Us
91 posted on 01/24/2014 9:24:39 AM PST by khelus
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