Word: tradings
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Dates: during 1980-1989
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...official warming trend even revived the often sleepy U.S.-U.S.S.R. Trade and Economic Council, a group of 315 U.S. companies and 150 Soviet enterprises and ministries, which staged a four-day conference in Moscow in April to talk about prospective joint ventures. In a display of Madison Avenue glitz, council members from the U.S. gave their Soviet counterparts a crash course in marketing that included razzle-dazzle TV commercials for Diet Coke, NutraSweet and the American Express Card. Gorbachev invited the U.S. visitors to the Kremlin's Palace of Congresses for a seven-course feast of caviar, pheasant, grouse...
Beyond national security concerns, there are other legal hurdles. Imports of Soviet goods to the U.S. are inhibited by an American law that withholds favorable trading status from certain countries practicing repressive emigration policies. Result: the Soviets have turned to West Germany, Japan and other industrial partners for investment capital and production expertise. Says Donald Kendall, chairman of the executive committee at PepsiCo, which operates 25 bottling plants in the Soviet Union: "They found that we're not the only fountain of knowledge." Since 1972, Soviet trade with the West has surged from $7 billion to $41 billion. But American...
...provisions are complex enough to fill 1,000 pages. Among other things, the 1988 omnibus trade bill would give the President special authority to conduct international negotiations and strengthen his ability to retaliate against "pervasive" barriers raised by foreign countries against U.S. imports. But the debate on the bill is being dominated by a rather extraneous and distinctly secondary issue: Should manufacturers be forced to give employees 60 days' notice before closing a plant...
...desk, I will stamp it REJECT and ship it back to where it was made." The House nonetheless fought off an attempt to strip the provision from the bill and then passed the legislation 312 to 107. The Senate votes this week; the only question is whether the trade bill, three years in the making and supported by groups as diverse as organized labor, farmers and the oil industry, will pass by a vote larger than the two-thirds necessary to override the expected veto...
...other side, Gary Holmes, spokesman for the Office of the U.S. Trade Representative, asserts that the plant-closing provision "will make our industries less competitive internationally . . . It injects rigidities into the system ((and)) makes it less flexible." But that does not explain why Japan, which has a notice system, and West Germany, where it is difficult to fire anyone, let alone close a whole plant, are competitive enough to force the U.S. to consider a sweeping trade bill...