RE: an 45cc Gasoline Engines producted by ourself
dick, you need to polish your balls.
China's trade surplus with the United States increased 27.1% in the first half of 2004, to $68.5 billion. The U.S. trade deficit with China is now the largest with any country in the world. China alone was responsible for 53% of the increase in the non-oil trade deficit through June 2004.
U.S. imports from China are now five times the value of our exports to China, making this the United States' most imbalanced trading relationship.
In 2003 China became the EU second biggest trading partner (after the US).
Whereas the EU enjoyed a trade surplus with China at the beginning of the 1980s, the EU-China trade relations are now marked by a sizeable and widening EU deficit with China (around €55 billion in 2003; this is the EU's biggest bilateral trade deficit).
The USA - China trade deal signed in 1999 provides increased access for US exports across a broad range of commodities and elimination of barriers, these were Significant cuts in tariffs that were to be completed by January 2004.
The right to import and distribute products without going through state-trading enterprise or middleman.
In the auto/engine sector, China will cut tariffs from the current 100 per cent level to 25 per cent by 2007, with the largest cuts in the first years after accession. Auto parts tariffs will be cut to an average of 10 per cent by 2007.
Quotas will grow from current trade level at a 15 per cent annual rate in order to ensure that market access increases progressively and reduces the effect of quantitative restrictions.
At present, China severely restricts trading rights (the right to import and export) and distribution (wholesaling, retailing, maintenance and repair, transportation, etc.).
Under the agreement, China will provide, for the first time, trading rights and distribution rights to USA firms.
Trading rights will progressively be phased in over three years.
In China today, foreign firms have no right to distribute products other than those they make in China, or to own or manage distribution networks, wholesaling outlets or warehouses.
China also issues business licences, which limit the ability of American firms to conduct marketing, after-sales service, maintenance and repair and customer support.
This is a severe baffler to goods exports as well as to service exports.
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Schpankme