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China And The World Trade Organization
Transcript
History of China in World Trade
- Mao's Death
- Increase in globalization
- Discrimination
- "Anti-dumping"
- China had "no market"
1949
1970
's
- Mao Zedong
- Communist China
- No globalization
- Very little outside trade
Present Day
- Not working
- More trouble than help
- Blatant ignoring of rules
- Unfair practices
- Terrible labor rights
The good of the deal
2001
- 15 years after first talk
- China joined World Trade Organization
- High hopes for equal trade with China
Why does it matter?
- Communist China
- Mao Zedong
- 1949
- 1970's
- Globalization
- Trade started opening up
- Discrimination against Chinese traders
- Anti-dumping
- Non-market economy
- Jobs
- Dangerous Products
- Human Rights
- Counterfeiting
CONCLUSION
What are they doing?
Improvement of Labor Rights
- Little to no labor rights
- Globalization improved labor rights
- Labor Contract Law of the People’s Republic of China
- Strikes
- Honda auto transmission factory
- 2000 workers
- 17 days
- Halted production around China
- 35% increase in wages
- People’s Congress of Guangdong Province in South China
- Regulations on Collective Contracts for Enterprises
- Counterfeiting
- Export Subsidies
- Currency Rigging
- Labor Rights
- Blatant Ignoring of Regulations
- China should be suspended
- Improve labor laws
- Agree to ALL of the regulations
- Kept under watch
Export Subsidies
Counterfeiting
- Blatantly counterfeit products
- 70% of counterfeit goods come from China
- Chinese authorities are aware
- Regularly schedule raids
- Illegal in the World Trade Organization
- China pays tens of billions to exporters
- Low cost loans
- Free Advertisement
- Direct payments
- Tax relief
Currency Rigging
- Pegs Yuan at $0.25-$0.40 advantage against US Dollar
- Worth more to investors
Fellowes
They promised to stop, but still haven't
- Moved to China
- Hired Chinese company to manage factory
- Factory seized by company
- Stole product
Discrimination Against the US
- World Trade Organization Government Procurement Agreement
- Cost the US hundreds of billions
- Moved to China
- Hacked
- Source code stolen
- Given to Baidu
THANK YOU!
China And The World Trade Organization
Nick Mueth
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