Restricted Trade Relations

Restricted Trade Relations in United States

Continued: Restricted Trade Relations in the History of U.S. Economic Sanctions Imposed against China

Note: the status of this economic sanction is: Suspended

Date of the sanction(s): JAN. 3, 1975

Passage of the Trade Act of 1974 continued the denial of MFN status to China, but provided a means of conditionally restoring the favorable trade status. Trade relations with nonmarket economies now required that a condition of freedom of emigration be met for access to any United States government credits, credit and investment guaranties, and commercial agreements. The President is required to determine that a country does not deny its citizens the right to emigrate and does not impede the process of emigration through the imposition of high taxes or fees. Section 402 ties nondiscriminatory treatment of trade to freedom of emigration conditions, and requires annual review. The President is required to make either annual determinations that waive the freedom of emigration conditions or make semiannual determinations that a country is in full compliance with the emigration requirements.

Some Observations

China’s Most Favored Nation (MFN) status had been suspended since 1951.

Sanctions by Authority:

Secs. 401, 402, and 502(b)(1) of the Trade Act of 1974 [P.L. 93-618; 19 U.S.C. 2431, 2432, and 2462]

Occasion(s) Detailed

See September 1, 1951, for original sanction ; see also February 1, 1980, for suspension of sanction ; see also May 28, 1993, and May 28, 1994, related to MFN status

Note: Based on the China: U.S. Economic Sanctions Report.

Resources

See Also


Posted

in

,

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *