U.S. threatens sanctions against Japan

Article Abstract:

The US will impose trade sanctions against Japan if that country does not allow US construction and supercomputer companies to compete fairly for contracts. Japan agreed in 1988 to open up its markets but the Commerce Dept says only $189 million in contracts was awarded to US firms in 1992.

Japan, Japanese foreign relations

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U.S., Germany reach telecom pact

Article Abstract:

The US has signed an agreement with Germany that will allow German companies to bid for US government telecommunications contracts. In return, Germany agreed not to comply with a European Community (EC) directive that gives preference to EC firms in awarding telecommunication contracts.

Germany, European Union, German foreign relations, European Community

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U.S., Canada, Mexico reach North American Free Trade Agreement

Article Abstract:

The US, Canada and Mexico announced a draft version of the NAFTA on Aug 12, 1992. The proposed agreement is designed to create a large free-trade bloc among the three nations by 2007.

Canada, Mexico

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