WTO may help local firms trade with China

A recent World Trade Organization agreement between the United States and China could create opportunities for Boulder County companies if the U.S. Senate approves the Permanent Normal Trade Relations (PNTR) agreement with China.

The House granted PNTR to China in May by a vote of 237-197. The Senate is expected to vote this fall.

Establishing a trade relationship with China, however, is not solely dependent on Senate approval. China can enter the WTO without PNTR passage. Membership requires a two-thirds approval by the WTO’s 135 members.

A date has not been set for the WTO vote. If China is accepted,…