How does Congressional approval of permanent NTR affect U.S. wheat exports?
Under the agreement negotiated by U.S. Trade Representative Charlene Barshefsky in November, China agreed to accept more wheat under a tariff rate quota. What China offers is available nowhere else in the world: a major and continuing impact on U.S. wheat exports. There is a chance that the U.S. will not be able to take advantage of this trade opening, however. To explain… China has yet to complete bilateral market access agreements, like the one we reached in November, with a number of other WTO members: Europe, India, Mexico and others. And it must complete a multilateral negotiation at the WTO which principally covers commitments regarding a range of WTO rules on subsidies, technical standards, a mechanism to review implementation, and many other issues. All of this should serve to strengthen the already very strong accession agreement the U.S. has negotiated. However, the U.S. has an obligation as well. The United States must grant China permanent NTR [normal trade relations] or
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