NAFTA? What about China?

[polticalpout]

I'm hearing about how NAFTA needs to be reformed from both candidates but I haven't heard 1 peep about China and the fact that they have been importing U.S. jobs for themselves. Why haven't I heard them talk about China? Has China become so powerful that the future leader of the U.S. doesn't want to upset them?

The following article (from 2003) states that:

* China's undervalued currency and government investment strategies have caused U.S. jobs to become uncompetitive and shrink

* China is in violation of both its International Monetary Fund and World Trade Organization obligations.

*China subsidizes manufacturers through a wide range of national industrial policies that include unfair tariffs, limits on foreign firms' access to domestic markets, unfair requirements for technology transfer by foreign investors.

-So more here-
http://www.mindfully.org/WTO/2003/China-NAFTA-Challenge19dec03.htm

[slipslidingaway]

1. Costly Trade With China...Millions of U.S. jobs displaced

with net job loss in every state

Agree this topic should be discussed more, although Clinton pushed for this bill.

:shrug:

HR 4444
http://www.govtrack.us/congress/bill.xpd?bill=h106-4444


http://www.epi.org/content.cfm/bp188

"Contrary to the predictions of its supporters, China's entry into the World Trade Organization (WTO) has failed to reduce its trade surplus with the United States or increase overall U.S. employment. The rise in the U.S. trade deficit with China between 1997 and 2006 has displaced production that could have supported 2,166,000 U.S. jobs. Most of these jobs (1.8 million) have been lost since China entered the WTO in 2001. Between 1997 and 2001, growing trade deficits displaced an average of 101,000 jobs per year, or slightly more than the total employment in Manchester, New Hampshire. Since China entered the WTO in 2001, job losses increased to an average of 353,000 per year—more than the total employment in greater Akron, Ohio. Between 2001 and 2006, jobs were displaced in every state and the District of Columbia. Nearly three-quarters of the jobs displaced were in manufacturing industries. Simply put, the promised benefits of trade liberalization with China have been unfulfilled..."


China PNTR: a lose-lose deal

http://www.epi.org/content.cfm/webfeatures_viewpoints_chinatrade_rs_051400csg

by Robert E. Scott

THIS PIECE ORIGINALLY APPEARED IN THE CHARLESTON SUNDAY GAZETTE ON MAY 14, 2000.

Question: if two thirds of the American public believes that the U.S. should "insist on better human rights and religious freedom from China before that country" is admitted into the WTO, why is the Clinton administration promoting a deal that does not include such protections? The answer: big business wants the deal, and it is planning to spend at least $14 million lobbying Congress to implement the agreement to bring China into the WTO..."


Economic Policy Institute Publishes Flawed China Job-Loss Estimates
by Daniel T. Griswold

http://www.cato.org/pub_display.php?pub_id=4701

This article appeared on cato.org on May 19, 2000.

"The Economic Policy Institute recently predicted huge job losses in the U.S. economy if Congress approves permanent normal trade relations (PNTR) with China. With incredible specificity, EPI claims in a recent paper that approval of the trade deal "will eliminate at least 872,091 jobs between 1999 and 2010..."

[Freddie Stubbs]

2. John Kerry, Ted Kennedy, and John Edwards defied labor unions and approved permanent

most-favored-nation trade status with China back in 2000:

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=2&vote=00251

[OhioChick]

3. K&R

:kick:

[slipslidingaway]

4. Kick n/t