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1、SUMMARYOFU.S.Significantcutsintariffsthat31percent).Establishmentofatariff-ratequotasystemforimportsofbulkmodities,e.g.,portsoccur.Significantandgromediateeliminationofthetariff-ratequotasystemforbarley,peanutoil,sunfloportanddistributeproductsiddleman.Elim
2、inationofexportsubsidiesonagriculturalproducts.ChinahasalsoagreedtotheeliminationofSPSbarriersthatarenotbasedonscientificevidence.INDUSTRIALPRODUCTSChinainatebroadsystemicbarrierstoU.S.exports,suchaslimitsonportgoodsanddistributetheminChina,asanaverageof24.
3、6percenttoanaverageof9.4percentoveralland7.1percentonU.S.priorityproducts.ChinaationTechnologyAgreement(ITA)andeliminatealltariffsonproductssuchasputers,telemunicationsequipment,semiconductors,puterequipment,andotherhigh-technologyproducts.Intheautosector,C
4、hinathecurrent80-100%levelto25%bymid-2006,id-2006.Inthepresentlevelsof12?18%onplementingthevastmajorityofthechemicalharmonizationinitiative.Underthatinitiative,tariffsinatetheserestrictionsitedtofiveyears.Quotas:Chinainateexistingquotasuponaccessionfortheto
5、pU.S.priorities(e.g.opticfibercable).Itainingquotas,generallyby2002,butnolaterthan2005.Quotascurrenttradelevelsata15%annualrateinordertoensurethatmarketaccessincreasesprogressively.Autoquotas,thebase-levelquotaination.RIGHTTOIMPORTANDDISTRIBUTETradingrights
6、anddistributionareamongthetopconcernsforU.S.manufacturersandagriculturalexporters.Atpresent,Chinaseverelyrestrictstradingrights(therighttoimportandexport)andtheabilitytooent,tradingrightsanddistributionservicesaintenance,ademitmentstophaseoutmostrestriction
7、sinabroadrangeofservicessectors,includingdistribution,banking,insurance,telemunications,professionalservicessuchasaccountancyandlegalconsulting,businessandputerrelatedservices,motionpicturesandvideoandsoundrecordingservices.ChinaunicationsandFinancialServic
8、esAgreements.GRANDFATHERINGChinaarketaccessalreadyineffectatthetimeofChina'saccessionforU.S.servicespaniescurrentlyoperatinginChina.Thisericanbusinessesoperatingundercontractualorshareholderagreementso
