Word: importent
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Seeking to develop an axis of moderate Arab nations that could counterbalance Syria's power, Hussein began reaching out to Egypt. Last December, Amman signed a trade agreement with Cairo, reducing import barriers between the two countries. Meanwhile, Arafat met with both Mubarak and Hussein; by July, he had sufficiently rebuilt his authority within the P.L.O. to call a Palestine National Council meeting for Sept. 25 in Algiers. Assad, alarmed that Arafat might use the occasion to diminish the Syrian leader's influence in the P.L.O., flew to Algiers last month to pressure Algerian President Chadli Bendjedid into...
...offered by GM reportedly consists of a $1 billion "job security pool" from which workers with as little as one year's seniority can draw pay in the event their jobs are eliminated. The new contract does not contain any outright constraints on GM's ability to import parts and even entire cars from abroad...
...long-awaited decision last week that left no one jumping for joy, President Reagan ruled out import quotas to shield the American steel industry from cheaper foreign steel. Instead he opted for a system of voluntary restraints on shipments to the U.S. by producers in Japan, Brazil, South Korea and elsewhere and vowed stiffer enforcement of existing Fair Trade laws. Unionized steelworkers said Reagan did not go far enough toward protecting their jobs. The steel industry, drained by $4.7 billion in losses during the past two years partly because of foreign competition, had lobbied for more protection...
...deciding against strict import quotas, Reagan turned down the recommendations of the U.S. International Trade Commission. It said in July that the domestic industry was being damaged by imports and urged a five-year program of high tariffs and quotas for such important products as sheet and strip steel, plate and wire. Reagan would have none of it. Quotas, he said, would do more harm than good to the economy and not "be in the national interest," even though they might temporarily save some jobs in steel. Voluntary restraints seemed to be the only workable...
...Steelworkers Union had timed their petition to the Trade Commission so that Reagan would be forced to make a decision in the middle of the campaign. In an appeal to Midwestern Rust Bowl voters the day before Reagan's announcement, Walter Mondale had called for the very import quotas the President rejected...