By Lord Brittan, Li Yong, Jonathan Reuvid, Digby Jones, Shen Jueren
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Additional resources for Doing Business with China
Liu Baocheng is an Associate Professor and Assistant Dean at the School of International Business Management of the University of International Business and Economics (UIBE), Beijing, China. He also serves as dean of the Sino-US School of International Management, which is a partnership between UIBE and the University of Maryland’s Robert H Smith School of Business. At the same time, Liu Baocheng also holds a deanship at the Sino–French School of International Business Management. His area of research and teaching covers a variety of disciplines including marketing, cross-cultural negotiation and business law.
5 per cent tariff on imports from China, but this would be damaging both to US companies exporting from China and to US consumers. WTO disputes Both the United States and the EU are challenging China at the WTO to remove artificial barriers to imports, which would encourage the EU to bestow long-awaited market economy status on China. Such action might also result in a lifting of the EU arms embargo, which, in turn, would help China to counter European allegations that it is dumping exports on the EU market.
The terms of China’s accession allow the application of this ‘non-market’ economy methodology for a period of 15 years. It is possible, however, for individual companies to escape from that disadvantaged status if they can prove that their company operates in sector where ‘market economy conditions prevail’. China’s Protocol of Accession also provides for two specific safeguard clauses. A first one, which is unique to China, will be available for 12 years, and allows WTO members to take safeguard measures only with respect to imports from China that create market disruption (safeguard measures are normally against all imports irrespective of their origin).