Word: pacts
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...told the governors' group the outcome of the Canadian elections was a "spectacular win" for Mulroney and an endorsement by Canadians of the free-trade pact negotiated by Mulroney and the Reagan administration...
Mulroney's conservatives won the seats needed in the Canadian House of Commons to save the pact, which will phase out virtually all tariffs, quotas and other trade barriers between the two nations over 10 years...
...Canadians oppose the free-trade agreement, 34% support it, and almost a quarter of the country is undecided. After the debate, the respected Angus Reid poll found the race had been transformed into a dead heat, with Liberals and Conservatives tied at 35%. Opposition to the trade pact soared...
...well Mulroney fares in the postdebate politicking will depend on his ability to handle the trade issue. On a purely economic basis, many experts agree, the pact between the two countries, whose bilateral trade of $132.5 billion last year was the most of any two partners in the world, should be attractive to the public. The average tariff on American goods entering the Canadian market is 2.8% -- the figure is low because 65% of American imports pass duty free. On goods entering the U.S., the average tariff is only 1.2% (80% of Canadian imports are duty free), so Canadian consumers...
WORLD: Why the U. S. is the issue in Canada' s election A trade pact raises questions about the country' s identity. -- Should the West toast perestroika? -- A visit to rural Haiti shows why the country will always remain dirt poor...