英文摘要 |
Section 421 is a special statute that applies only to imports from China. It was added to the Trade Act of 1974 by the U.S.-China Relations Act of 2000 which established permanent normal trade relations (PNTR) with China and paved the way for China's accession to the WTO. The provision aimed to assuage protectionist fears of PNTR by establishing a special ''safeguard'' to deal with increased imports from China. Under section 421, imposition of the recommended trade restrictions is a matter of presidential discretion. The president's decision illustrates, in fact, the current administration's desire not to allow Sino-American trade relations to become embroiled in a vicious, escalating cycle of trade disputes. This discriminatory provision against Chinese Products, which is inconsistent with WTO principles, would cause negative effects on Chinese imports. In short, the market-disruption provision are potentially powerful weapons. This article will provides a step-by-step analysis on 421 provisions. It compares and contrasts section 421 provisions with the WTO Agreements relating to safeguards. And finally, it would access how negative effects of section 421 would put on China. |