Word: consortia
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Dates: during 1990-1999
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Despite these predictions, the chemical industry itself has come out strongly in favor of the treaty. The Chemical Manufacturers Association--a consortia of the largest American chemical-making firms--has backed the CWC and has argued that if the U.S. does not ratify it, the industry could stand to lose up to $600 million in annual revenues. This immense loss of revenue would result from new trade barriers from the more than 70 nations that have already ratified the treaty--since the treaty explicitly forbids its member-nations from trading in certain chemicals with non-member countries...
Opponents of the treaty, however, argue that behemoths like the CMA do not represent the mom-and-pop chemical makers which would be affected even more heavily by treaty-imposed regulations. Contrary to these claims, however, small consortia such as the Synthetic Organic Chemical Manufacturers Association and the National Federation of Independent Businesses have expressed support for the treaty. It seems that no one in the know--and no one who would be personally affected--is opposed to ratifying the treaty...