2007 Report to Congress of the U.S.-China Economic and Security Review Commission
We have been talking for quite some time about the losses of IPCI associated with China. We thought some readers might be interested in excerpts from the recommendations in the 2007 Report to Congress of the U.S.-China Economic and Security Review Commission, which can be found in full at
THE COMMISSION’S RECOMMENDATIONS
Chapter 1—The United States-China Trade and Economic Relationship The Relationship’s Current Status and Significant Changes During 2007
4. The Commission recommends that Congress urge the Administration to bring a World Trade Organization case against China for manipulating its currency to gain an unfair trade advantage, which is a violation of the principles of the International Monetary Fund of which China is a member.
5. The Commission recommends that Congress petition the Administration to initiate a Section 301 investigation of Chinese worker rights violations in preparation for bringing a case before the World Trade Organization alleging suppression of labor rights as an unfair trade practice. The Control of China’s Economy by its Government, and the Effect on the United States
6. The Commission recommends that Congress urge the Administration to employ all necessary trade remedies authorized by World Trade Organization rules, including antidumping and countervailing duty penalties and temporary relief, to protect the U.S. economy from the Chinese government’s extensive subsidies for companies in China.
7. The Commission recommends that Congress endorse the U.S. Department of Commerce decision that it has the authority to bring countervailing duty cases against non-market economies. The Impact of Trade with China on the U.S. Defense Industrial Base
8. The Commission recommends that Congress require the U.S. Department of Defense to prepare a complete list of the country of origin of each component in every U.S. weapon system to the bottom tier. A Case Study of the Local Impact of Trade with China: North Carolina
10. The Commission recommends that Congress require U.S. companies to report to the U.S. Department of Commerce their receipt of any economic subsidy from China.
11. The Commission recommends that Congress revise the requirements to achieve standing under antidumping cases, particularly in cases where continuing sales losses in U.S. industries have driven producers into a minority status and they therefore are ineligible for standing. China’s Science and Technology Activities and Accomplishments
20. The Commission recommends that Congress direct the U.S. Department of Commerce to report periodically on the general R&D expenditures of U.S. companies in China, based on protected business proprietary data the Department currently collects.