Us Free Trade With China Essay Research (стр. 2 из 2)

beginning to disappear with time.

China has now taken measures to improve the situation. In fact Premier

Zhu Rongji has attempted to broaden US access to Chinese markets. He has agreed with

many American CEO’s requests in this area. Change would consist of U.S. banks being

able to lend in local currency, manufacturers setting up their own distribution systems, and

foreigners having the ability to own up to 49% in telecommunications services. In the

agriculture sector, tariffs for farm products would be curtailed. As for insurance

companies they would be able to do business through out China (Business Week 130). In

the area of license distribution, things are definitely improving.

It is time the United States of America and China end this trade war. Both

nations, especially the US, have spent an exorbitant amount of time and energy into

China’s admittance into the World Trade Organization. Based upon an analyses of the

possible effects of free trade on the political, environmental, military, technological, and

economic realms on both parties, it can be concluded that the US ought to allow China to

join the World Trade Organization. With the rise of the Chinese economy, the US would

be able to balance out the trade deficit, strengthen exports and liberalize Chinese politics.

With the proper patience and diplomacy, both nations ought to sit down and negotiate a

deal which would benefit both parties economically, politically, and socially.

Works Cited

Butler, C. Orton. “China” Encarta 1996. (Encyclopedia on CD ROM).

——————-. “An Offer From China We Shouldn’t Refuse” Business Week, April 26,

1999, p120.

Shribman, David. “Going to the Brink Over Trade” Fortune. June 9, 1997, p44-45.

Weidenbaum, Murray. “The Future of Sino-American Relations” Orbis. Spring 1999,

p223-236.

——————-. “Zhu–No Innocent Abroad” Christian Science Monitor. April 16,

1999, p10.