China Trade Relations Act of 2023

China Trade Relations Act of 2023

This bill withdraws normal trade relations treatment from China and expands the bases of ineligibility for this treatment to include specified violations of human rights by China.

Specifically, during any period in which China engages in specified activities (e.g., using slave labor, performing forced abortion or sterilization, or hindering the free exercise of religion) (1) products from China shall not be eligible to receive nondiscriminatory treatment (normal trade relations), (2) China may not participate in any U.S. program that extends credits or credit guarantees or investment guarantees, and (3) the President may not conclude any commercial agreement with China.

Bill 118 s 125, also known as the China Trade Relations Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address the trade relationship between the United States and China.

One of the key provisions of the China Trade Relations Act is the establishment of a framework for negotiating trade agreements with China. This framework includes provisions for addressing issues such as intellectual property rights, market access, and currency manipulation. The bill also aims to promote fair and reciprocal trade between the two countries.

Additionally, the China Trade Relations Act includes measures to address concerns about human rights abuses in China. This includes provisions for monitoring and reporting on human rights violations in China, as well as measures to hold Chinese officials accountable for their actions. Overall, the China Trade Relations Act of 2023 seeks to strengthen the trade relationship between the United States and China while also addressing important issues such as intellectual property rights and human rights abuses. It is currently being debated in Congress, and its ultimate fate remains uncertain.