Trade Agreement With China Clause

The agreement aims to ease some U.S. economic sanctions against China, while Beijing must strengthen the purchase of U.S. agricultural products and other products. For example, Mr. Trump cited beef, pork, poultry, seafood, rice and dairy products. According to former IATP Treasurer Rod Leonard, who served on Secretary Freeman`s staff and wrote a brief political biography of Freeman`s tenure at the USDA, there have been both short-term and long-term crises. One of the Secretary Freeman`s great successes was a three-day agreement negotiated in 1965 with India`s Minister of Agriculture to significantly increase U.S. food aid, particularly because of the oversupply of American wheat, which is putting pressure on prices, to avoid widespread famine. The agreement also provided for the long-term development of India`s land capacity. One of the heroic failures of Freeman`s tenure was the rejection by Congress of a single voice of supply management in the 1961 Farm Bill.

The “value-added” services in Appendix 4 of the EPA allow Hong Kong service providers to create joints from 1 October 2003 (while measures for the other 17 sectors did not come into effect until 1 January 2004) to offer one of the following five value-added services: Internet access, call centre, internet data services , providing content, “storage and transmission” of services (which ensure data transmission when the network is weak or non-existent). In addition, these services can be offered without geographical restrictions, giving Hong Kong businesses a little over a year ahead of other foreign companies to which these measures will apply in January 2005. However, as with other foreign companies, the participation of Hong Kong companies is limited to 49%. They will benefit from the opening of measures that go beyond the framework of the WTO accession protocol. In this case, the main advantage of Hong Kong service providers, as above, is the ability to create a 100% subsidiary or to hold a majority or controlling minority stake in joint ventures. Since relationships with the Chinese partner, often imposed by the authorities, are often difficult and involve considerable direct costs (remuneration greater than the actual contribution) or indirect costs (difference in strategy), this benefit is considerable.

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