To: jmhollen who wrote (6101 ) 3/26/2000 12:07:00 AM From: jmhollen Read Replies (1) | Respond to of 7209
"....From the jus' so's ya know Department....": China trade battle begins in Senate Bipartisan bill would grant Beijing permanent trade privileges A beautician explains the benefits of lipstick imported from the United States to a couple in a Beijing store. MSNBC STAFF AND WIRE REPORTS March 23 ? Leaders of the Senate Finance Committee introduced legislation Thursday to grant China permanent trading privileges, kicking off the biggest trade battle since the 1993 North American Free Trade Agreement. While the Senate is expected to pass legislation granting Beijing permanent normal trade status, an unpredictable battle is shaping up in the House of Representatives. SENATE FINANCE Committee Chairman William V. Roth, Jr. (R-Del.) and ranking Democratic member Daniel Patrick Moynihan (D-N.Y.) introduced the legislation that would make permanent normal trade relations between the U.S. and China after Beijing?s accession to the World Trade Organization. Beijing must still wrap up talks with the European Union and other WTO members to enter the Geneva-based body, which sets the rules for global trade. The Roth-Moynihan legislation would end the annual normal trade relations renewal process required by current trade law. In exchange for Beijing taking steps to open China?s markets to American goods and services, Congress would grant China permanent normal trade relations (PNTR). But many members of Congress are reluctant to give up the annual renewal process because it provides them an opportunity to voice their outrage at the Beijing regime?s human rights record. ?Some believe we must retain the annual renewal process because it gives us leverage in checking China?s conduct on a number of fronts,? Roth noted. ?But the annual debate on renewing normal trade relations has not been a very effective means of achieving any of the goals we all share with respect to China: peaceful settlement of the Taiwan question; enhanced human rights, religious freedom and stronger worker rights for the Chinese people.? The White House is pressing for a swift vote in the Senate Finance Committee, hoping to score an early victory that would put pressure on a bitterly divided House. THREATS AGAINST TAIWAN Roth and other senators said China?s recent threat to attack Taiwan could scuttle the trade pact, and warned Beijing against taking any hostile action. ?It would ruin their chances of ever joining the WTO,? said Republican Sen. Charles Grassley of Iowa, chairman of the Finance subcommittee on trade. Despite stiff opposition, White House officials say they are increasingly optimistic a majority of lawmakers in the House and the Senate will support PNTR. Clinton's allies in the fight ? a coalition led by the Business Roundtable and the Chamber of Commerce ? have earmarked more than $12 million to get out the vote, in their biggest lobbying campaign since NAFTA was passed in 1993.