Word: pact
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Dates: during 1970-1979
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...fledged treaty, already agreed upon, limiting the number of defensive ABMS, or anti-ballistic missiles, that each side may install. The second, barring any last-minute snag, will be an executive agreement setting informal ceilings on offensive strategic missiles until the SALT negotiators can come up with a formal pact. The major points of the two documents...
Although those particular issues are now moot, the atmosphere has been further clouded by Treasury Secretary, John Connally's insistent demand that Ottawa make certain new economic concessions; notably a revision of the 1965 Canada-U.S. auto pact, giving Canada a bigger share of joint car production. So far, Ottawa has refused to budge, and talks have bogged down in ill feeling. American negotiators speak disparagingly of Ottawa's "bush-league mandarins." Trudeau has cracked that "with friends like Secretary Connally, who needs enemies...
...long run, the pact threatens to depose the dollar as the pre-eminent currency in international trade. Reason: Common Market moneys will still be able to fluctuate within the present band of 4½% against the dollar, even though the margin is halved with respect to each other. European importers and exporters will no doubt feel safer issuing invoices in one of their own currencies, which can fluctuate only half as much as the dollar. Even a spokesman for the East German government declared that his country is "no longer interested" in trade deals set in dollars. Multinational corporations will...
...British base on Malta. Other NATO powers will not be able to use the island-unless, of course, they are prepared to part with additional baksheesh-but they at least won Mintoff's guarantee that Malta will not provide military facilities for members of the Warsaw Pact...
SINO-AMERICAN CONTACTS. Taking presidential rhetoric perhaps too seriously, Brezhnev is worried that the U.S. and China may have made a secret pact that went beyond the bilateral bounds of the Sino-American communique. "How else can one interpret the statement at the Shanghai banquet that 'today our two peoples hold in their hands the fate of the future of the entire world'?" he said. But Brezhnev undoubtedly wants to talk to Nixon about his China trip before jumping to any hasty conclusions. "We are in no hurry with final assessments," he declared...