Word: mulroney
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HOUSTON--President-elect George Bush promised yesterday to "never neglect our friends in this hemisphere" as he met incoming Mexican President Carlos Salinas de Gortari and heralded the election victory of Canadian Prime Minister Brian Mulroney as a triumph for free trade...
...Toronto, Mulroney, fresh from his victory on Monday, said he had spoken to Bush by telephone and was willing to meet with him before the U.S. leader's inauguration on January...
...told the governors' group the outcome of the Canadian elections was a "spectacular win" for Mulroney and an endorsement by Canadians of the free-trade pact negotiated by Mulroney and the Reagan administration...
Extinguishing that spark will be no small task, since Mulroney called the election in part to force passage of the trade pact in the Liberal-controlled Senate. Though Mulroney sought to turn the race into a referendum on his leadership, the trade issue has not only dogged him but has also put him in a seemingly contradictory situation. While he is running as the man who led Canada into an era of sunny prosperity, he is also campaigning on the claim that free trade is the sine qua non of Canada's economic future...
...well Mulroney fares in the postdebate politicking will depend on his ability to handle the trade issue. On a purely economic basis, many experts agree, the pact between the two countries, whose bilateral trade of $132.5 billion last year was the most of any two partners in the world, should be attractive to the public. The average tariff on American goods entering the Canadian market is 2.8% -- the figure is low because 65% of American imports pass duty free. On goods entering the U.S., the average tariff is only 1.2% (80% of Canadian imports are duty free), so Canadian consumers...