Word: ottawas
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...Kenneth W. Banta Moscow: James O. Jackson Jerusalem: Johanna McGeary Cairo: Dean Fischer, David S. Jackson Nairobi: James Wilde Johannesburg: Bruce W. Nelan New Delhi: Ross H. Munro Bangkok: Dean Brelis Peking: Richard Hornik Hong Kong: William Stewart, Bing W. Wong Tokyo: Barry Hillenbrand, Yukinori % Ishikawa Melbourne: John Dunn Ottawa: Peter Stoler Mexico City: John Borrell, Laura Lopez, John Moody Rio de Janeiro: Gavin Scott
Ronald Reagan radiated more than his customary high wattage of optimism last week in Ottawa as he addressed Canada's 386-member Parliament. His topic: the possibility of a Canada-U.S. agreement that may soon create the world's largest free-trade zone. Amid fierce applause, the President promised to throw the full weight of his office behind that much discussed but never quite accomplished prospect. Said Reagan: "To those who would . . . fight a destructive and self-defeating round of trade battles, Canada and the U.S. will show the positive...
...they might. As the President attested during his summit meeting with Canadian Prime Minister Brian Mulroney, the U.S. and its largest trading partner appear close to a historic juncture in their immense economic relationship (value of 1986 commerce: $129 billion). After a year of negotiation, officials in Washington and Ottawa seem confident they can produce a draft agreement by autumn that will completely eliminate tariff barriers between the two countries over the next decade or so. Reagan also took a modest -- for most Canadians, far too modest -- step toward alleviating another deep Canadian concern. The President said he would "consider...
...free-trade agreement would provide a welcome counterpoint to the protectionist feeling that is piling up rapidly in Washington over the doleful American trade deficit, even though much of that ire is focused on the No. 2 U.S. trading partner, Japan. Without a pact, Ottawa fears, the U.S. Congress will indiscriminately freeze more Canadian goods out of U.S. markets. In the past year, Canada has been bruised in fights over exports to the U.S. of softwood lumber used in housing and other timber products; it is now under pressure to avoid enlarging its nearly 3% share of the $32 billion...
...Kenneth W. Banta Moscow: James O. Jackson Jerusalem: Johanna McGeary Cairo: Dean Fischer, David S. Jackson Nairobi: James Wilde Johannesburg: Bruce W. Nelan New Delhi: Ross H. Munro Bangkok: Dean Brelis Peking: Richard Hornik Hong Kong: William Stewart, Bing W. Wong Tokyo: Barry Hillenbrand, Yukinori Ishikawa Melbourne: John Dunn Ottawa: Peter Stoler Mexico City: John Borrell, Laura Lopez, John Moody Rio de Janeiro: Gavin Scott