Word: east-west
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...Persian Gulf had momentarily abated. The West Europeans, Canadians and Japanese expressed concern over the unprecedented U.S. budget deficit and rising U.S. interest rates. Privately, all the leaders except Reagan are worried that U.S. economic conditions could abort international economic recovery and add to the dangers posed by the Third World's towering debt. The West Europeans also had to weigh their actions at the summit carefully in view of this week's elections for the European Parliament. Above all, there was the deplorable state of East-West relations, epitomized by the Soviet boycott of the Los Angeles...
Reagan raised the East-West issue at nearly every opportunity. In Dublin, he gave a new answer to a longstanding Soviet proposal that the superpowers sign a pledge not to use force to settle international disputes. In the past, the U.S. has dismissed the idea as meaningless, since the notion is already embodied in the Charter of the United Nations. Reagan told the Irish parliament that "if discussions on reaffirming the principle .. . will bring the Soviet Union to negotiate agreements which will give concrete new meaning to that principle, we will gladly enter into such discussions." The President also declared...
...marched in London to protest the presence of both Reagan and U.S.-built cruise missiles in Britain. By the end of the meeting, the leaders had summed up their deliberations in a blizzard of generally inoffensive documents: an economic communiqué, a "Declaration on Democratic Values," a statement on East-West relations and arms control, and a pledge to coordinate action against international terrorism. In addition, Summit Host Thatcher, with the backing of the other leaders, issued a call for peaceful settlement of the Iran-Iraq war. If the various declarations ended up reading as if they had been written...
...four-paragraph statement on East-West relations was equally vague. It said that "the first need is for solidarity and resolve among us all." It then stated a determination "to pursue the search for extended political dialogue and long-term cooperation with the Soviet Union and her allies." Noting that the U.S. "has offered to restart nuclear-arms-control talks anywhere, at any tune, without preconditions," it expressed the hope that the Soviet Union "will act in a constructive and positive...
...Much East-West trade involves convoluted deals: Western firms sell items like steel or chemicals to Communist state trading organizations in exchange for such items as tobacco, vodka, timber, trolleys and forklift trucks. The Western company then often resells the Eastern product through a middleman for cash. In one of the biggest of these accords, Occidental Petroleum and the Soviet Union have a 20-year, $20 billion agreement that calls, in part, for the annual exchange of 1 million tons of American superphosphoric acid fertilizer for 4 million tons of Soviet ammonia, urea and potash...