Word: mfn
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...controversy centers around China's most-favored-nation (MFN) trading status and its quest to join the World Trade Organization...
Congress has consistently decided to extend MFN status to China, most recently in May. The decision has always invoked heated debate between business interests and labor unions and human right activists...
...those reasons as well as concerns for China's human rights abuses, the AFL-CIO is also adamantly against MFN status for China...
...continuation of MFN status now would send a message of accommodation to ongoing violations of international trading norms and human rights," said John J. Sweeney, president of the AFL-CIO, in a statement...
...revocation of MFN status would mean a dramatic increase in tariffs on U.S. imports from China--the average trade weighted MFN duty applied to U.S. imports from China is 6 percent, without the MFN, trade weighted tariff rate would be 44 percent...