Henry Liu's attitude toward WTO
lnp3 at SPAMpanix.com
Sat Nov 27 07:22:55 MST 1999
(Stephen Philion asked me to forward a query to Henry about information on
China and the WTO. Now I am one of the people in these various mailing
lists that Henry made a brief but turbulent appearance on who is convinced
of his socialist bona fides. His response to Stephen, therefore, did not
come as any surprise.)
This is the only accurate information of the Agreement which apparently
runs into thousands of pages.
The web site of the US Trade Representative is still updating the new
China is keeping the details a secret on account of intense domestic
opposition. Meanwhile, US opponents are attacking the Agreement by claiming
China will not keep its promises, while Chinese officials are telling Chinese
opponents that the magic is in the implimentation.
I am firmly on the side that thinks WTO is a very bad option for China,
not just in the trade terms which are bad enough, but that it
legitimizes international pressure and sanction against the preservation of
socialism in China. The only positive aspect is that China is joining
as a developing economy which may allow China to lead all other
developing economies as a coordinated block in WTO talks. But WTO will
fail not only in China but everyhere as well because it runs against
national sovereignty within the global system nation states.
Briefing On The Clinton Administration Agenda
For The World Trade Organization Material
Summary Of U.S. - China Bilateral WTO Agreement
I. AGREEMENT HIGHLIGHTS
The U.S.-China WTO agreement covers all agricultural
products, all industrial goods, and all service areas.
China's industrial tariffs will fall from an overall
average of 24.6% in 1997 to an overall average of 9.4% by 2005.
On U.S. priority industrial products, tariffs will fall
to 7.1% with the majority of tariff cuts fully implemented by 2003.
Tariffs will fall on a range of products including: wood, paper,
chemicals, capital and medical equipment.
In information technology, tariffs on products such as
computers, semiconductors, and all internet-related equipment, will fall
from an average of 13.3% to 0% by 2005.
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