...SUMMARY OF U.S.-CHINA BILATERAL WTO AGREEMENT AGRICULTURE The Agreement would eliminate barriers and increase access for U.S. exports across a broad range of commodities. Commitments include: Significant cuts in tariffs that will be completed by January 2004. Overall average for agricultural products will be 17.5 percent and for U.S. priority products 14 percent (down from 31 percent). Establishment of a tariff-rate quota system for imports of bulk commodities, e.g., wheat, corn, cotton, barley, and rice, that provides a share of the TRQ for private traders. Specific rules on how the TRQ will operate and increased transparency in the process will help ensure that imports occur. Significant and growing quota quantities subject to tariffs that average between 1-3 percent. Immediate elimination of the tariff-rate quota system for barley, peanut oil, sunflower-seed oil, cottonseed oil, and a phase-out for soybean oil. The right to import and distribute products without going through a state-trading enterprise or middleman. Elimination of export subsidies on agricultural products. China has also agreed to the elimination of SPS barriers that are not based on scientific evidence. INDUSTRIAL PRODUCTS China would lower tariffs and eliminate broad systemic barriers to U.S. exports, such as limits on who can import goods and distribute them in China, as well as barriers such as quotas and licenses on U.S. products. TARIFFS Tariffs cut from an average of 24.6 percent...
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...Frequency on Class: Method and Criteria of Assessment: 100% Coursework (5000 words) Essay Submission Deadline is 4pm, Wednesday 27 November 2013 Topics: Please choose one area listed below and discuss its recent development in the context of China. You will need to narrow down your focus and set your own essay topic. 1. 2. 3. 4. 5. Non-market Economies in the WTO Energy Industry and the WTO Environment and the WTO Commentary on one WTO case involving China Self-selected topic upon approval (You are most welcome to decide a topic yourself. Once you decide to do so, however, you need to submit your topic and an one-paragraph abstract before 4pm 31 October. ) Module Aims: To give the students a broad knowledge of the multilateral trading system and China’s interaction with that system through focusing on several key sectoral topics. The module will also reinforce and extend the student’s knowledge of the business environment in China gained from other modules. Nottingham University Business School China WTO Module Outline 2 Summary of Content: The course will cover all of the primary WTO agreements, and address some of the more recent issues arising in public debates...
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...violation of the national treatment concept by its preferential treatment of domestic products over "like" imported products. ... Cooperative trade relations between the United States and China are important to the global community because the economies of each country are dependent on the rest of the world and the global economy will be harmed by protectionist measures from the first and third largest trading powers. ... Moreover, multilateral negotiations, as opposed to bilateral trade negotiations, are better suited to resolve the United States-China trade disputes because the disputes affect other WTO members in ways beyond the immediate economic impact. ... The most effective way to combat the rapid escalation and retaliatory nature of the disputes is to conduct multilateral negotiations that will preserve the WTO's goal of reducing trade barriers, avoid the adversarial nature of WTO litigation, and allow the countries to negotiate the underlying political tensions that are driving the disputes. TEXT: [*403] I. Introduction China and the United States have waged an ongoing legal battle over trade policies since 2006,...
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...Impact of China's WTO Entry on Sino-Philippine Economic Relations and on the Philippine Economy SHEN HONG FANG impact of China's WTO entry on trade, investment and services between the Philippines and China, as well as on Philippines economic growth and development. Section I introduces different analyses of China's WTO entry from the perspectives of Philippine official, academic as well as business circles. Section 2 discusses bilateral cooperation through trade, investments, and other forms of cooperation such as contracted projects, labor cooperation, air services agreement, and the development of agricultural technologies. Section 3 looks at the concerns of the Philippine government and the public with respect to China's accession to the WTO, reviewing the state of current relations and comparing this with China's relations with other Southeast Asian countries. Section 4 advances five issues pertaining to the rise of a Chinese "economic threat" following its entry into WTO. The paper concludes that China's WTO accession will help promote bilateral trade expansion, and bring about opportunities for Chinese private entrepreneurs to invest in the Philippines. However, China's WTO entry will also put added pressure on Philippine manufactures, further facilitating the flow of Chinese commodities, capital and personnel and aggravating the disputes that had already existed in the economic intercourse betv•.reen the two countries prior to WTO admission. This paper examines...
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...China's market reforms and accession to the WTO has led to its economy growing rapidly, to the point where it is now the fourth largest on earth, and is expected to be in the top two within the next decade (Business Monitor International, 2006). As a result, China's SMEs are now facing an economy flooded with foreign capital, and with a more open economic climate than in previous years, but also a much more competitive economy, where many of their previous practices are no longer relevant. This piece aims to examine the effect of these changes on the strategies of Chinese SMEs by first examining the role of the SME in the economy, then analysing the strengths and weaknesses of the Chinese SMEs, and the opportunities and threats that have arisen from China's WTO membership. The piece will then examine Chinese SMEs from a strategic perspective, and the impact the the WTO membership has had on said strategies. Finally, the piece will give strategic recommendations for Chinese SMEs that wish to take advantage of the opportunities that WTO membership offers, and also for those SMEs that wish to avoid the challenges it poses. The Role of SMEs in both the International Perspective and the Chinese Perspective Academics have long realised that small and medium enterprises grow to become the major corporations and businesses of the future (Davis et al., 1985). As a result of this view, greater attention has been given to the role of small and medium sized enterprises (SMEs) in contributing...
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...FCjhANALYZING CHINA’S AUTOMOBILE INDUSTRY COMPETITIVENESS THROUGH PORTER’S DIAMOND MODEL DI WU Bachelor of Management, University of Lethbridge, 2004 A Research Project Submitted to the School of Graduate Studies of the University of Lethbridge in Partial Fulfillment of the Requirements for the Degree MASTER OF SCIENCE IN MANAGEMENT Faculty of Management University of Lethbridge LETHBRIDGE, ALBERTA, CANADA © Di Wu, 2006 (Approval/ Signature page) ii Abstract This paper incorporates Porter’s diamond model to analyze China’s automobile industry. Besides looking at the four determinants of competitiveness in the original model, this study specifically examines the impact of government on industry competitiveness. This study retrieves archival data on multi-measurements used in prior studies. The author incorporates one case study of a Chinese auto firm to illustrate the specific impact of government policy and the responses of auto assemblers and component suppliers. Interviews with experts in auto-related industries are conducted to triangulate the findings. Results show that the Chinese auto industry is still in its early stages of development, whereas product quality and economies of scale of domestic automakers are approaching global standards; thus Chinese auto firms aim at becoming major players in the international market. The government plays an active role in assisting the industry development as the nation transitions from a planned economy to a free...
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...history, regarding the battle's scale, term, and the breadth and the levels of the captured authorities' positions. This battle is seen to have a country wide negative effect on China's general consumption. The effects are so particularly felt on the luxury purchases and the government related purchases. Indeed, in the current political environment and with a continuous decrease of the land division, the nation is still ready to keep up the development of its GDP with a shocking number of 7.5% in 2014. On the other hand, numerous reports from the macroeconomic business and worldwide financial organizations, (for example, the World Bank) have since anticipated a slower economic development for the current year, 2015. This paper provides a report on China's macroeconomic condition, particularly the position in the international trade and the contemporary policies in 2015. Macroeconomic Development China predominantly imports raw materials and in turn it predominantly exports industrial products, both developed and developing countries. It reported a trade surplus of US$ 49.6b and US$ 25.6b in December 2013 and 2013 respectively. Throughout last year, exports rose by 9.7% to US$ 227.5b in December. Interestingly, shipments tumbled to Japan at -7.2%. Figure1. In the appendix represent the trend of China’s Balance of Trade between January 2014 and January 2015. Imports diminished by 2.4% to US$ 177.9b. In the interim reports, percentage reports were recorded as the Australia (3%)...
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...35 012-IBE-CaseStudies.docx CONTENTS Case Study 1. Text 1. Text 2. Text 3. Case Study 2. Text 4. Case Study 3. Text 5. Text 6. Text 7. Case Study 4. Text 8. Text 9. Text 10. Text 11. Text 12. Text 13. Case Study 5. Text 14. Text 15. Text 16. Text 17. Text 18. Text 19. Case Study 6. Text 20. Text 21. Case Study 7. Text 22. Text 23. Text 24. Text 25. Chinese Mercantilism .................................................................................................... 3 Chinese New Year .......................................................................................................... 3 China: the spend is nigh ................................................................................................. 4 Dealing With China’s Troubles ....................................................................................... 6 Bangladesh’s Textile Industry ........................................................................................ 8 Garments in Bangladesh:...
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...How disputes are settled in World Trade Organizations (WTO) The countries can settle their disputes themselves at any stage, but these are the procedures that are usually followed:- 60 days Consultations, mediation, etc. 45 days Panel set up and panelists appointed 6 months Final panel report to parties 3 weeks Final panel report to WTO members 60 days Dispute Settlement Body adopts report (if no appeal) Total = 1 year (without appeal) 60-90 days Appeals report 30 days Dispute Settlement Body adopts appeals report Total = 1y 3m (with appeal) • Consultation & Mediation (up to 60 days). This is when the countries that are in dispute come together and try to reason better each other and settle their differences. And or ask the World Trade Organization director- general to intervene or mediate to try help them in any other way. • The panel (up to 45 days for a panel to be appointed, plus 6 months for the panel to conclude) At this stage the complaining country can ask for a panel to be appointed, the other country can block the creation of a panel once but when the dispute settlement body meets for a second time, the appointment can no longer be blocked. • Officially, the panel is helping the Dispute Settlement Body make rulings or recommendations. The panels conclusion are difficult to overturn and only can be rejected by consensus in the dispute settlement body. The panel’s conclusion have to be based on agreements referred to. According to the wto.org site,...
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...of the density of cancer-causing pollutants. The proliferation of cancer clusters in China is higher than anywhere else in the world. Cancer is the number one cause of death in urban China, with lung cancer being the most deadly (Liu, 2010).This essay will analyse the rise of China's economy, the environmental effects it has had on present day China, and how it will continue to effect China in the future. It will also discuss several environmental, economic, and legal policies the government of China are currently looking at and changes they need to consider in the future. "China's economic transformation is one of the most dramatic economic developments of recent decades" (Greene, Dihel, Kowalski & Lippoldt, 2006, p. 5). In 2001, the Chinese economy overtook Japan to become the second largest economy in the world behind the United States (Central Intelligence Agency [CIA], 2013). Between 1979-2005, the growth rate of China has been at an average of 9.6% per annum and in 2005, its share in the world goods trade had increased up to 6.4% from less than 1% in 1979 (Greene et al., 2006). China's increased participation in international trade has largely been attributed to its economic growth. Since China's...
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...The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.The WTO is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. The system’s overriding purpose is to help trade flow as freely as possible — so long as there are no undesirable side effects — because this is important for economic development and well-being. That partly means removing obstacles. It also means ensuring that individuals, companies and governments know what the trade rules are around the world, and giving them the confidence that there will be no sudden changes of policy. In other words, the rules have to be ‘transparent’ and predictable. The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who usually meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva).Trade negotiations- The WTO agreements cover goods, services and intellectual property...
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...RESEARCH PAPER 06/36 19 JUNE 2006 A Political and Economic Introduction to China “If the 20th century ended in 1989, the 21st began in 1978” Martin Jacques, The Guardian, 25 May 2006 China’s political and economic rise and what it means for the world is now a central preoccupation of analysts and policy-makers. Public awareness of China is likely to increase as the 2008 Olympics in Beijing draw near. This Research Paper is intended to act as a resource that Members of Parliament and their staff can draw upon when engaging with China’s remarkable transformation. Part I provides key facts and figures about China. Parts II and III review recent developments and future prospects by addressing four key questions. Is political authoritarianism sustainable? Can China’s development be peaceful? What are the main domestic economic challenges facing China? What is China’s impact on the world economy? Part IV summarises key aspects of UK and EU relations with China. The Paper ends with a select bibliography of key sources. The Research Paper is intended to act as a platform for a series of Library Standard Notes that will address in more depth specific issues about China that there is space here only to discuss briefly. Jon Lunn, Maria Lalic, Ben Smith and Claire Taylor INTERNATIONAL AFFAIRS AND DEFENCE SECTION Ed Beale, Ed Potton, Ian Townsend and Dominic Webb ECONOMIC POLICY AND STATISTICS SECTION HOUSE OF COMMONS LIBRARY Recent Library Research Papers include: List of 15...
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...Omar Awad Merdah Transmission Network Integration, Mobily, Riyadh, Saudi Arabia Muhammad Asad Sadi College of Industrial Management King Fahd University of Petroleum & Minerals Dhahran, Saudi Arabia [Abstract] Technology transfer brings scientific advances to small and medium enterprises (SMEs). It enables them to be innovative and efficient. The objective of this study is to investigate empirically the key barriers that SMEs face when transferring technology in Saudi Arabia. Both descriptive and hypothesis testing have been used for data analysis. This study shows that SMEs in Saudi Arabia face lack of workforce skills, management capabilities, and effective legal and regulatory procedures. More than 56% predicted that the accession to WTO will have a positive impact on their businesses. Furthermore, 41% found licensing is the most preferred type of partnership agreement by SMEs to transfer technology. The study also found that most Saudi SMEs do not know fully the importance of franchising. [Keywords] technology transfer; small-medium enterprises; key barriers Introduction Technology transfer involves the acquisition and absorption of technology in order to introduce innovativeness and efficiency to gain competitive advantages. There are several channels through which technologies may be transferred, such as foreign direct investments (FDI), merger, acquisition, licensing, franchising and joint venture agreements. This includes hard and soft technologies associated...
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...improve mutual market access for goods and services, enhance legal security for the protection of intellectual property and bilateral economic exchange in general, contribute to sustainable development and deepen bilateral cooperation. For the vast majority of bilateral trade, the FTA will dismantle tariffs fully or partially, sometimes subject to transition periods. In the area of technical barriers to trade and sanitary and phytosanitary measures, sector-specific cooperation agreements are aimed at reducing non-tariff barriers to trade. For trade in services, more precisely defined rules compared to the GATS of the WTO will apply, e.g. for approval processes, as well as improved market access commitments for various services. Regarding intellectual property, the level of protection in selected areas will be improved compared to the multilateral standards of the WTO and include provisions on enforcement. The FTA provides for coherent implementation, orientated towards the basic principles of international relations and the goal of sustainable development. To this end, the preamble stipulates basic principles of the UNO and of public...
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...Growing China: Will China Share Superpower Status with United States? After the fall of the Soviet Union in 1991, United States has remained her superpower status and has established her hegemony all around the world. In the 21st century, everybody waits for a country to fill the gap that was left by the Soviet Union to compete with the United States. Now, China is the most potential country that can be a superpower competing with US. China has developed herself since she became a communist state, especially, it is the past 20 years that China has improved from a state once isolated form rest of the world, into a regional superpower as potentially a state having the capacity to change the future direction of world events. By 2020, China hopes to compete with United States, however, that is not so easy for US to share her superpower status with China and US does not want to engage in another Cold War. First of all, what is a superpower? We need to define superpower to understand that China will possess the status of what and whether she benefits from it. During the second half of the twentieth century the concept of superpower status has been unique and without precedent. This is due to the fact that in this period, a superpower by definition possesses nuclear capabilities. While the UK, a superpower in the nineteenth century, now possesses nuclear capabilities, it is lacking in other attributes. Today’s superpower possesses four attributes, which confer upon it this status...
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