Word: pacts
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Dates: during 1980-1989
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...Congress, the accord will bind the world's largest bilateral trading relationship -- last year's value was about $132.5 billion -- into a single duty-free market within ten years. Two days after the triumph, the Prime Minister's office announced that Parliament would meet Dec. 12 to approve the pact...
Although Turner took an early lead in the polls, Mulroney was able to convince Canadians that the pact was good for them...
Although the U.S. Congress had approved the pact, the Canadian parliament had refused to accept it unless Mulroney called an election. The trade agreement quickly became the central issue of the campaign. Mulroney defended it as a strong effort to liberalize trade and spark economic growth, while his opponents--Liberal John Turner and New Democrat Ed Broadbent--argued that it jeopardized Canadian social programs...
THERE is no question that the agreement is good for the United States. At $150 billion a year, Canada and the U.S. are already each other's largest trading partners, and the pact will further expand trade between the two nations...
Mulroney must be careful to use the trade agreement to increase Canada's economic vitality without sacrificing his nation's cultural identity. The pact ought to give Americans a chance to examine Canadian social programs. In this regard, the pact could end up making the U.S. more like Canada, instead of making Canada more like...