U.S. is pushing Asian nations for concessions in trade talks on financial-service package

Article Abstract:

The Clinton administration warned Asian countries against failing to achieve a compromise on the General Agreement on Trade in Services (GATS). If the Asian nations fail to settle differences regarding the opening of financial services markets, the US could decide to limit the benefits of opening its own financial services market to only selected partners. Moreover, the US cautioned that the EU could follow its example and limit its markets as well. Among all the Asian nations, Japan seems to be the staunchest critic of the GATS.

Financial Services, Finance and Insurance, Financial services industry, International aspects, Asia

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Commerce Secretary has work cut out for him in talks with Indian officials

Article Abstract:

Commerce Sec. Ron Brown will try to persuade Indian officials to continue implementing market liberalization policies during his trip to India, where he will be accompanied by CEOs of various US corporations. During these meetings, which observers believe will determine the success of US ventures in the subcontinent, Brown will also ask authorities to relax the government's monopoly of the domestic insurance market and to effect reforms in the bureaucracy, customs procedures and regulatory structures.

Bilateral Trade Negotiations, Indian foreign relations, India, Brown, Ronald H.

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Clinton faces more pressure than Jiang for summit results

Article Abstract:

US President Clinton faces greater pressure to achieve successful results in his summit meeting with the visiting leader of China, Jiang Zemin, according to experts on foreign policy. President Clinton needs to secure China's strict compliance to the non-proliferation agreement on nuclear arms to promote the US' efforts to provide China with nuclear reactors. The Clinton administration needs to achieve in the summit meeting a development that will boost the business ties between the US and China.

Trade Negotiations, China, Evaluation, Clinton, Bill, Economic policy, Biography, Chinese foreign relations, Commercial policy, Jiang Zemin

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