Major Events in US-China Trade History

Events

Treaty of Wanghia

1844

Korean War

1950 - 1970

End to the US embargo on China

1971

Shanghai Communique

February 28 1972

Bilateral Trade hit a cumulative $2.4 billion since 1971

1979

The first Special Economic Zones

1980

US-China agreement to eliminate double taxation and ban tax-evasion

1984

Broad U.S. sanctions are imposed on China subsequent to the Tiananmen Square incident

1989

US-China bilateral agreement

1999

China joins WTO

2001

China becomes the fastest growing market for U.S. exports

2002

US files its first-ever WTO trade complaint case against China

2004

First Chinese cars arrive in the U.S. market

2005

Chinese holdings of U.S. Treasury securities hit $618 billion.

2006

New York Stock Exchange opens its first office in China.

2007