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China-U.S.Trade Disputes In The WTO

Posted on:2017-01-09Degree:MasterType:Thesis
Country:ChinaCandidate:W J CaiFull Text:PDF
GTID:2296330485966352Subject:Law, international relations
Abstract/Summary:PDF Full Text Request
Through conducting a case analysis of the exportation of rare earth elements (REE), this paper attempts to demonstrate the important role the World Trade Organization (WTO)’s dispute settlement mechanism plays in Sino-U.S. trade relations. Sino-U.S. trade enjoys a long history, but that does not mean the relationship is perfect. The stability of Sino-U.S. trade and the friendliness of their political relations are closely intertwined. Before joining the WTO, pressure stemming from political relations resulted in a series of trials for Sino-U.S. trade. Currently, as two major economic players, trade relations between China and the U.S. can affect global economic development and political stability. After joining the WTO, China’s identity evolved from an institutional outsider to member, from a passively compliant party to an actively constructive member. WTO’s dispute settlement mechanism not only gave China and the U.S. a platform to resolve trade-related frictions, but also led to the normalization of Sino-U.S. trade relations. The REE case represents a typical trade dispute; it ends with China’s acceptance of the dispute settlement body’s decisions. At the same time, the unique political and strategic significance of REE makes this case noteworthy. Under immense political pressure, the resolution of the REE case demonstrates the relative strength of the dispute settlement mechanism and its important role in Sino-U.S. trade disputes.
Keywords/Search Tags:World Trade Organization, Sino-U.S. Trade, Rare Earth Elements Export
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