U.S.-China Bilateral Wto Agreement

AGRICULTURE The Agreement would eliminate barriers and increase access for U.S. exports crosswise a broad range of commodities. Commitments include: Significant lowers in tariffs that provide be completed by January 2004. Overall come for agricultural products forget 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 muckle commodities, e.g., wheat, corn, cotton, barley, and rice, that provides a sh are 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 add up 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 and through a state-trading enterprise or middleman. Elimination of export subsidies on agricultural products. chinaware 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 to an average of 9.4 percent overall and 7.1 percent on U.S. priority products. China will participate in the Information Technology Agreement (ITA) and eliminate all tariffs on products such as computers, telecommunications equipment, semiconductors, computer equipment, and other high-technology products. In the elevator car sector, China will cut tariffs from the current 80-100% level to 25% by mid-2006, with the largest cuts in the first years after accession. motorcar parts tariffs will be cut to an average of... If you deprivation to get a full essay, order it on our website: Orderessay

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