Word: naftas
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ASAHI SHIMBUN, JAPAN: "The passage of NAFTA . . . should be perceived as a warning bell to Japan, demanding an independent effort to save the world's free trade...
When push came to shove last week, Hosokawa got his way and Japan got a new political course. For the Prime Minister it was no less an accomplishment than Bill Clinton's NAFTA victory -- and owed at least as much to his own will and assertiveness. After 121 hours of interparty talks, the leader of the three- month-old ruling coalition abandoned traditional consensus politics to force a vote over the opposition's objections on four pieces of legislation that would radically change Japan's electoral system. Liberal Democrats, still fumbling in their role as the largest opposition party, fumed...
WASHINGTON -- The night of the Administration's nafta victory, Treasury Secretary Lloyd Bentsen and his wife welcomed Washington's brightest and best to their 50th wedding anniversary party. Among the 250 guests gathered at Blair House were both Clintons, most of the Cabinet, and ... dressed down in a cozy white warmup outfit, CNN's Larry King, who astonished fellow guests by exclaiming, "They owe it all to me!" Presumably King was referring to NAFTA and not the Bentsens' half-century of marriage...
Apart from the well-known benefits that will accrue to Bill Clinton in the wake of his NAFTA victory, another possible advantage is seen for the * President by some White House aides: a measure of independence from Hillary Rodham Clinton and the left-of-center tug of her office. The First Lady opposed making NAFTA a top priority this fall, senior officials point out, and remained silent on the subject for weeks. But Clinton campaigned hard for the treaty anyway, proving he could overcome long odds -- and his wife's doubts...
...come-from-behind win on NAFTA, Clinton's advisers insist, will help prove to voters that the President has the mettle to withstand even tougher fights that loom next year. And they add that the promise of a free-trade zone from the Yukon to the Yucatan makes it easier for Clinton to force trade concessions from Japan and other Asian nations as well as press for a successful completion of the current round of talks on the General Agreement on Tariffs and Trade by Dec. 15. "A good GATT agreement could create 1.4 million American jobs and boost...