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The Canton Trade Fair, 1976
Katz, Robert N.
19/1  (Fall 1976): 47-51

The article focuses on the spring 1976 Canton Trade Fair and anticipates eventual normalization of relations between the U.S. and the People's Republic of China (P.R.C.), which would lead to increased economic interaction between these nations. There are ideological and political implications in P.R.C. trade policies and practices. It may well be that the trade policies and practices are aimed toward encouraging U.S. business to spur normalization of U.S.-P.R.C. relations. As China develops further, agriculturally, industrially and technologically, China trade will have increased implications internationally. Little apparently has changed procedurally in the four years that traders from the U.S. have been invited to the fair. The number of American firms has increased since the first visits, but it declined in 1976 from 1975. While currency may have been a problem in times past, in 1976 there was no difficulty cashing travelers checks issued by a U.S. bank. In the event of a dispute over contracts, which are not in burdensome legalese, negotiation and arbitration are the courses most frequently pursued.

 

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