To provide that most-favored-nation trading status for the People's Republic of China may continue provided that Taiwan is admitted to the World Trade Organization by March 1, 1997.

Extends nondiscriminatory treatment (most-favored-nation treatment) to China's products if, and only if, after March 1, 1997, Taiwan has been admitted to the World Trade Organization (WTO) and China has not been so admitted, whether as a developing or a developed nation.