Word: tradings
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Dates: during 1980-1989
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...election that will clear the way for more free trade worldwide, Canadian voters last week decided to return Prime Minister Brian Mulroney and his Progressive Conservative Party to power. The final results showed the Progressive Conservatives getting 43 percent of the popular vote and 170 seats in the House of Commons, followed by the Liberal Party with 31.9 percent and 82 seats and the left-leaning New Democrats with 20.4 percent and 43 seats...
...granting power to the Progressive Conservatives, Canadians rejected the irrational fears of America that the other parties ran on. The election was in large part a referendum on the bilateral free trade agreement that Mulroney reached last year with President Reagan. The other parties charged that Mulroney's pact would sell out Canadian sovereignty...
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...
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...
...vice president, who has called for negotiating a similar free-trade deal with Mexico, phoned Mulroney from Alabama to congratulate him, according to spokesman Stephen Hart...