Word: embargo
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...Western leader to communist Vietnam, was more than symbolic, however. He signed seven economic, scientific and cultural accords designed to promote development and reinforce Vietnam's links with the West. Mitterrand also promised to push for more multilateral aid and called on the U.S. to end its "anachronistic" embargo...
...other hand, four successive U.S. Presidents have sought to punish Vietnam through an economic embargo and diplomatic isolation. It is impossible to determine whether the Vietnamese economy was damaged more by those policies or by the misguided efforts of Ho Chi Minh's heirs to impose a Soviet-style system on the unified country. But the combination proved devastating. By 1985, 10 years after "liberation," Vietnam was on its knees and heavily dependent on aid from its chief ally, the Soviet Union...
Last year foreign investment reached almost $2 billion despite the American embargo. Taiwan leads the way with $1.1 billion, more than twice that of its nearest competitor, Hong Kong. Until recently Japanese businessmen stood impatiently on the sidelines constrained by their government's informal adherence to the U.S. embargo. But in November Tokyo announced the resumption of foreign aid to Vietnam. That was the sign for major Japanese firms, which had been operating through foreign subsidiaries for several years, to enter the Vietnamese market with a splash. Already there is a gleaming Toyota showroom in Ho Chi Minh City. Says...
...Clinton Administration may choose to keep the embargo against Vietnam. On the other hand, Clinton could side with those who believe that if he renews relations he will complete the painful process of healing. Bay Lop's widow is ready. "My husband died for our independence," she says, "but my son has studied English. If he could work for a new American consulate here, I would be glad...
...climate for free political activity. The first batch is slated to arrive in Port-au-Prince early next week. Negotiators hope this will eventually lead to a pardon of the coup plotters, a new Prime Minister agreed upon by Cedras and Aristide, and an end to the trade embargo that has crippled an already weak economy. At this point the sanctions are punishing the poor while sustaining the rich monopolists who conspired with the army to get rid of the populist Aristide...