Permanent Normal Trade Relations
China, Jackson–Vanik Amendment, International Trade
978-613-8-90147-1
6138901479
104
2013-01-08
49.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The status of permanent normal trade relations (PNTR) is a legal designation in the United States for free trade with a foreign nation. In the U.S. the name was changed from most favored nation (MFN) to PNTR in 1998.At the same time the United States agreed to extend what was then called Most Favored-Nation status (MFN) to all other countries. The status was also extended to some countries that did not join GATT. In 1951, the U.S. Congress directed President Harry Truman to revoke MFN status to the Soviet Union and other Communist countries. Yugoslavia was not part of this exclusion. During the Cold War, most Communist countries were either denied MFN or had to meet certain conditions to be granted the status.
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