Word: pacts
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Until last week, anyone paying attention to the debate over a proposed trade pact between the U.S., Canada and Mexico might have concluded that there was no debate at all. For months, opponents of the North American Free Trade Agreement enjoyed no competition in their campaign to persuade Americans that NAFTA is a job-killing scheme cooked up by greedy corporate honchos and foreign lobbyists. So one-sided did the argument seem that it began to produce "a giant sucking sound," not of American jobs flowing to Mexico, as Ross Perot swears will happen under NAFTA, but of congressional support...
...Says a Rabin confidant: "We wanted to nail each ! other down at the lowest common denominator, make it public and from there build the layers that will lead to a settlement on the ground." That leaves a host of urgent issues to resolve if the first stage of the pact is to be implemented as planned in the next two to four months. "They range from questions of security to issues of regulating the tomato trade," says Ephraim Sneh, a Labor Party Knesset member. Among the most immediate issues...
House majority leader DICK GEPHARDT has the White House guessing how actively he'll oppose the North American Free Trade Agreement. On the same day last week that Clinton mustered former Presidents Ford, Carter and Bush to support the pact, Gephardt had planned to give a speech in Congress opposing it. A Democratic Party source says Clinton called Gephardt to quiet him: "Having Gephardt come out against us on the same day would have just been devastating." Still, Gephardt is expected to issue a statement opposing NAFTA this week...
Twenty-four hours after their old contract expired, the United Automobile Workers and Ford agreed on a new three-year pact under which Ford's 96,000 U.A.W. workers will still enjoy health care fully paid by the company, a major sticking point. The pact will provide a model for negotiations at General Motors and Chrysler...
...floor below the negotiators hammering out a pact on South Africa's transition council at the Johannesburg World Trade Center, businessmen from 150 U.S. companies and 10 U.S. states were gathered last week for a landmark trade show. Corporations large and small displayed everything from shampoo and ball bearings to portable toilets and pinball machines. All manner of blue- chip names were in attendance: Johnson & Johnson, Coca-Cola, Timken and Kellogg. "The potential is there," says Jan Pieterse, an executive at Upjohn, the Michigan-based pharmaceutical firm. "With South Africa able to $ play an important role, this is no longer...