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Private business: America sounds a sour note at PBEC conference

Article Abstract:

The tendency of US international trade policy-makers to see trade in political terms dictates that business organizations such as the Pacific Basin Economic Council (PBEC) speak out to remind officials that trade occurs between businesses and not nations. One of the US priorities stressed by US officials at a recent PBEC conference in Washington is establishing and enforcing trade agreements to ensure bilateral fairness. The more inclusive orientation of business leaders to trade should not be compromised by political concerns.

Pacific Rim, Pacific Basin Economic Council

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Murayama's moment

Article Abstract:

The Asia Pacific Economic Cooperation (APEC) forum meeting in Osaka in Nov 1995 gives Japan an opportunity to seize the leadership role by calling for true free trade between APEC countries and the rest of the world. Preferential trading areas, often mis-named 'free-trade areas,' offer protection against outsiders, at the cost of nonsensical rules of origin that generate their own bureaucracy. That route is inappropriate for APEC, so Prime Minister Tomiichi Murayama of Japan should call for most-favored-nation trade rules.

Japan, International trade, Column, Asia-Pacific Economic Cooperation

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A president's opportunity

Article Abstract:

The winner in the Nov 1992 presidential polls will be in a unique position to promote free trade. Without the Soviet threat, the president can concentrate on actions which could make a protective position very costly for a country, thereby expanding support for free trade agreements. This could start renewed cooperation on the General Agreement on Tariff and Trade, possibly resulting in international economic relations characterized by multilateral free trade.

Presidents, Presidents (Government), International economic relations

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