Word: traded
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Dates: during 1990-1999
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...American negotiators obligingly traveled to Beijing, where Jiang kept his distance from the talks, sending in Premier Zhu Rongji to thrash out the details. Once the pact was signed, however, Jiang elbowed Zhu aside. "The photo op was Jiang's," says Charlene Barshefsky, the U.S. Trade Representative, who led the American team...
...Chinese for whom money, not ideology, is the bottom line. The harder Jiang tries to impress, the less China's population wants to listen. He understands the need for economic development, but political openness is still out of the question. Even as the ink was drying on the trade deal, police were detaining members of Falun Gong, the banned meditation cult...
...Trade negotiations? Oh, please--wake us when it's over. Tariffs. Subsidies. Antidumping measures. Multilateral investment agreements. The eyes glaze over. Even free trade's First Cheerleader, Bill Clinton, confesses that most people think the World Trade Organization is "some rich guys' club where people get in, talk in funny language and make a bunch of rules that help the people that already have and stick it to the people that have...
...chilly, rainy Seattle a hot town next week--the scene of marches, teach-ins, street theater and uncivil disobedience? This vintage '60s protest fest is prompted, incongruously, by the first American gathering of the WTO, a sober, 135-nation group that sets the rules for international commerce. Thousands of trade ministers, politicians and their staffs will hunker down by Puget Sound to launch a new multiyear round of wrangling over how to promote exports--and, as much as possible, avoid one another's imports...
...abstract, free trade is feel-good fellowship. Trash the tariffs and, globally, consumers profit from lower prices. Political enemies turn into economic friends--who trades together plays together. In the half-century since the WTO's predecessor, the General Agreement on Tariffs and Trade, was founded with 23 members, worldwide trade has expanded some 15-fold, to $6.5 trillion. As the world's largest exporter and importer, the U.S. owes nearly a third of its economic growth in the past decade to trade. "Cooperation is not a choice," says Mike Moore, the onetime meatpacker and New Zealand Prime Minister...