Commentary: It's Time To Get China Into The Wto

A sense of deja vu is settling over U.S.-China trade relations. For the third time in four years, the two economic giants have edged back from the brink of a trade war. On June 17, Acting U.S. Trade Representative Charlene Barshefsky reached a last-minute agreement on intellectual-property rights with Beijing trade officials that prompted Washington to withdraw threats of punitive sanctions against Chinese imports. In the U.S., there is relief that the latest accord will close 15 plants in China pirating compact discs. The deal also calls for greater market access and copyright protections for U.S. films and music recordings.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.