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Author: Vladimir N Pregelj
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Vladimir N. Pregelj
Publisher:
ISBN:
Category : Favored nation clause
Languages : en
Pages : 0
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In international trade, the term most-favored-nation (MFN) treatment has a meaning at variance with what it appears to mean: the expression means equal-rather than exclusively favorable-treatment and is often used interchangeably with "nondiscriminatory." To make this distinction clearer and avoid a possibly misleading interpretation of the most-favored-nation term, legislation was enacted in 1998 to replace it in U.S. law with the term "normal trade relations," or NTR. In this report, both terms are used interchangeably with "nondiscriminatory." The United States accords general MFN treatment as a matter of international obligation as well statutory policy to all trading partners; however, MFN tariff treatment of several countries has been suspended under specific legislation. Virtually all such suspensions, initially applied to 21 countries or political entities, took place under the mandate of the Trade Agreements Extension Act of 1951, and two more under country-specific legislation. MFN tariff treatment of countries suspended under the 1951 law can be restored and maintained in effect for one-year periods by using the procedure provided under Title IV of the Trade Act of 1974 for such restoration to "nonmarket economy" (NME) countries. Under this procedure, an NME country needs to conclude with the United States a trade agreement containing a reciprocal MFN clause, and be in compliance with the criteria of the Jackson-Vanik (J-V) freedom-of-emigration provision of that act. The two countries whose MFN status was suspended by country-specific legislation could-and did-have it restored by Presidential action under conditions specified in the suspending law. Of the 29 countries, today's successors of countries or areas originally subject to the 1951 suspension, 15 had their permanent NTR status restored by specific legislation (five directly and ten after a period of conditional restoration under the Jackson-Vanik amendment), one (Poland) by the President under then existing statutory authority, and one (East Germany) administratively through unification with West Germany. The status of seven of them is still temporary, subject to the determination of full-compliance with the Jackson-Vanik amendment, and of three of them under the Jackson-Vanik waiver provision. Two countries (Cuba, and North Korea) are denied NTR status altogether. The NTR status of two countries, suspended by individual legislation, has been restored permanently by Presidential action as authorized by the suspending legislation. This report will be updated as warranted.
Author: Vladimir N Pregelj
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Konstantin T. Janovitch
Publisher: Nova Science Pub Incorporated
ISBN: 9781590337684
Category : Political Science
Languages : en
Pages :
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Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Favored nation clause
Languages : en
Pages : 10
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Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 236
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Author: William Ellis
Publisher: DIANE Publishing
ISBN: 0788184423
Category :
Languages : en
Pages : 224
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Witnesses include: Charlene Barshefsky, U.S. Trade Rep.; Stuart Eizenstat, Under Sec. for Economic Affairs, U.S. Dept. of State; Barbara Shailor, AFL-CIO; Carlos Moore, Amer. Textile Manufacturers Inst.; Gary Bauer, Family Research Council; John Carr, U.S. Catholic Conf.; Joy Hilley, Children of the World; Rev. Daniel Su, China Outreach Ministries Inc.; Calman Cohen, Emergency Committee for Amer. Trade; Edvard Torjesen, Evergreen Family Friendship; Robert Hall, Nat. Retail Fed.; John Howard, U.S. Chamber of Commerce; Robert Kapp, U.S.-China Bus. Council; Jim Williams, Ohsman and Sons Co.; and Robert O'Quinn, Heritage Fdn.
Author: United States. Congress. Senate. Committee on Foreign Relations
Publisher:
ISBN:
Category : China
Languages : en
Pages : 70
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Author: United Nations Conference on Trade and Development
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 164
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The publication contains an explanation of Most Favored Nation (MFN) treatment and some of the key issues that arise in its negotiation, particularly the scope and application of MFN treatment to the liberalization and protection of foreign investors in recent treaty practice. The paper provides policy options as regards the traditional application of MFN treatment and identifies reactions by States to the unexpected broad use of MFN treatment, and provides several drafting options, such as specifying or narrowing down the scope of application of MFN treatment to certain types of activities, clarifying the nature of "treatment" under the IIA, clarifying the comparison that an arbitral tribunal needs to undertake as well as a qualification of the comparison "in like circumstances" or excluding its use in investor-State cases.
Author: Vladimir N. Pregelj
Publisher:
ISBN:
Category : Favored nation clause
Languages : en
Pages : 2
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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