Congress has 30 days to respond to the president's recommendation for an MFN waiver.
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In June, several religious groups joined forces with labor unions to oppose annual extension of MFN.
However, despite often fierce debate on the issue, Congress has never successfully opposed MFN status for China.
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Below is a three month price history chart comparing the stock performance of ANV, versus MFN and GORO.
The place to start would be with legislation that would block the granting to Beijing of MFN under present circumstances.
Rep. John Kasich (R-Ohio), another possible 2000 contender, will also vote against MFN for China, despite his usual pro-business credentials.
CNN: China Seen In Two Divergent Lights In Halls Of Congress
The Jackson-Vanik Amendment, after all, directly conditioned Soviet MFN on Moscow granting its people the right to leave the Soviet Union.
Furthermore, the re-entry of the MFN was not accompanied by a serious understanding of strategy, objectives and the relationship between them.
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CA) is off about 1.5%, Minefinders Corp Ltd. ( AMEX: MFN) is off about 1.2%, and Silvercorp Metals Inc ( TSE: SVM.
CA) is down about 5.5%, Minefinders Corp Ltd. ( AMEX: MFN) is off about 3.2%, and Silvercorp Metals Inc ( TSE: SVM.
The hard-line president, Li Peng, personally thanked President Bush for extending MFN.
MFN, the administration has argued that trade would foster Chinese growth, and that growth would ultimately improve the lot of ordinary Chinese.
Predictably, such proponents have seized on this action to redouble their demands that impediments to Soviet MFN status arising from the 1974 Jackson-Vanik amendment be promptly eliminated.
Approving the trade pact would end the annual debate over whether China should get normal trade relations -- a designation previously known as Most Favored Nation (MFN) status.
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In July, the middle of an election year, Congress will also have its annual fight over whether China should continue to enjoy most-favored-nation trading status, known by the acronym MFN.
CNN: China Seen In Two Divergent Lights In Halls Of Congress
Concerning the prospect of restored Soviet access to U.S. Export-Import Bank credits -- this issue should be evaluated separately from the conditions under which the United States might grant MFN status.
': Additional Arguments For Blocking MFN to China, the Center demonstrates that, the Bush Administration's assertions to the contrary notwithstanding, there are essentially no consequential sanctions in place today against the PRC.
Thanks also for overturning the Jackson-Vanik and Stevenson amendments providing MFN and U.S. Export-Import Bank credits and the International Energy Agency Agreement of May 1983 limiting Soviet natural gas deliveries to Western Europe.
The good news for those who hope to give Moscow permanent Most Favored Nation (MFN) status is that the Soviet legislature approved this legislation by a vote of 320 to 37, with 32 abstentions.
Up to the Malta Summit, the Bush Administration had stipulated that most-favored nation (MFN) status could only be granted once Moscow enacted and implemented a new Soviet law codifying free emigration privileges for Soviet citizens.
As a result, there is no meaningful political counterweight in place that signals the United States' displeasure with the continuing brutal repression in China or that offsets the pro-regime overtones of the president's recent decision to renew China's most favored nation (MFN) status.
The ones I personally like right now are Endeavour Silver ( EXK), Richmont Mines ( RIC), Aurico Gold ( AUQ), New Gold ( NGD), Minefinders ( MFN), First Majestic Silver ( AG), Yamana Gold ( AUY), Royal Gold ( RGLD), and Randgold ( GOLD).
If the United States provides a blanket MFN to the entire former USSR, we actually dilute our leverage to encourage reforms through a well-crafted incentive system one that would be more conducive to U.S. trade and investment and that would offer real hope for the Soviet people.
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As a consequence of the extremely broad character of the eligibility definition, the Soviet Union could easily qualify for most favored nation (MFN) status, OPIC coverage, Eximbank programs, Trade and Development Program activities, Small Business Administration loans and programs, IMF membership, and a host of other U.S. government assistance measures.
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