Year 2000 Trade Agreement

Washington is struggling to impose previous trade agreements with China when commitments and timetables have been vague. And bureaucracy and regional governments have sometimes been slow to stick to the pacts signed in Beijing. 7. The USITC study uses a general equilibrium model to assess the “static and dynamic” effects of China`s WTO membership. These models expect both economies to immediately adapt to the new level of trade-investment balance. Forecasts based on this model are based on continued growth in imports and exports through 2060 at usITC estimates, as explained below. While these long-term forecasts are not able to reliably predict the magnitude of future trade flows, they are an important example of the dynamic impact of China`s WTO integration under the accession agreement. In order to keep domestic aid to trade open and the multilateral trading system, the United States supports U.S. workers whose businesses and industries are struggling to adapt to increased trade through the Trade Adjustment Support Program. The government is trying to improve this programme by emphasizing the qualification of displaced persons, a constructive alternative to trade defence. Some critics have argued that the government and the World Trade Organization have conspired to keep many trade issues secret because they fear public control. It is more difficult to see evidence that congressional trade policy changed significantly in the 1990s or that partisanship has increased.

If so, political party politics may have weakened slightly, as more moderate Democrats voted in favor of trade and more Republicans voted against trade for ideological or electoral reasons. For example, in 1998, 42% of House Republicans voted for steel quotas and 26 percent against China`s PNTR in 2000. So far, the government`s last major trade victories have been the adoption of the 1994 Uruguay Round, created by the World Trade Organization, and the 1993 North American Free Trade Agreement, which introduced duty-free trade between the United States, Canada and Mexico.