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- From: Kai Mander <kmander%igc.apc.org@MIZZOU1.missouri.edu>
- Subject: TRADE.NEWS 1-8-93
- Message-ID: <1993Jan10.213249.2271@mont.cs.missouri.edu>
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- TRADE NEWS BULLETIN Volume II Number 5
- Friday, January 8, 1993
- __________________________________________________
- NAFTA News Summary
- __________________________________________________
- SALINAS AND CLINTON MEET TODAY
-
- Mexican President Carlos Salinas de Gortari and U.S, President-elect
- Bill Clinton will meet in Austin, Texas today for a "get-acquainted"
- meeting. The North American Free Trade Agreement (NAFTA) is
- expected to dominate the discussion, but the leaders will also discuss
- immigration, foreign aid, drug trafficking, extradition laws, the
- Central American peace process and a proposed nuclear waste dump
- in southern Texas. Clinton's cabinet nominees and Mexican trade
- negotiators will not attend the 90 minute meeting.
-
- Although the NAFTA text has been signed by the leaders of Mexico,
- the U.S. and Canada, the final details of the agreement could change
- substantially by the time the legislative bodies of the three countries
- vote on ratification. Clinton has said he will not sign NAFTA's
- implementing legislation if supplemental agreements on labor and
- environmental issues are not reached. Salinas may demand the
- formation of a development fund for Mexico in exchange for re-
- opening negotiations. It remains unclear how these supplemental
- agreements would be linked to the existing text.
-
- While NAFTA is expected to pass easily in the Mexican and Canadian
- legislatures, the outcome in the U.S. Congress is difficult to predict.
- Intense lobbying efforts are being carried out on both sides. A press
- release issued today by a number of farm, environmental and labor
- organizations calls on Clinton to "Keep Campaign Promises on
- NAFTA," and not sign an agreement without "adequate protection for
- workers, farmers and the environment on both sides of the border."
- The release contains a quote by former Texas Agriculture
- Commissioner Jim Hightower saying, "The NAFTA is so ugly it'd rot a
- cantaloupe at 100 paces. We can do better than this." Mexican,
- Canadian and American groups opposed to NAFTA will release a
- document this month combining their analyses of the agreement.
-
- Meanwhile, more than 800 U.S. companies, consumer groups,
- agriculture and trade associations sent Clinton a letter calling the
- agreement "the best international commercial agreement the U.S. has
- ever negotiated."
-
- Source: Keith Bradsher, Clinton to Meet Today with Mexican
- Leader," NEW YORK TIMES, Jan. 8, 1993; Nancy Dunne, "Clinton's
- First Big Challenge: Meet Salinas and Save NAFTA," FINANCIAL
- TIMES, Jan. 8, 1993; Press Release: "Coalition Tells Clinton: Keep
- Campaign Promises on NAFTA," Jan. 8, 1993; "Business Groups Urge
- Clinton to Act on NAFTA Pact," REUTER, Jan. 7, 1993; Joseph P.
- Frazer, "Salinas - Clinton Summit," AP, Jan. 7, 1993; AMERICAN
- PUBLIC RADIO; "Clinton, Salinas May Discuss Proposed Nuclear Waste
- Dump," UP, Jan. 7, 1993.
- __________________________________________________
- GATT News Summary
- __________________________________________________
- U.S. PUSHING TO CUT TARIFFS
-
- In a last ditch effort to reach some kind of a deal in the Uruguay
- Round of General Agreement on Tariffs and Trade (GATT) talks, the
- Bush administration has turned its attention away from controversial
- issues such as trade in services rules, and is instead trying to reach a
- world-wide tariff agreement by the end of next week. The effort
- started last Saturday when U.S. Trade Representative Carla Hills met
- with new European Commissioner Sir Leon Brittan in London. Bush
- officials were scheduled to present the list of hundreds of proposed
- tariff cuts to Geneva today.
-
- Source: Keith Bradsher, "Push by U.S. to Cut Tariffs is Reported,"
- NEW YORK TIMES, January 8, 1993; "Brittan, Hills Met for GATT
- Talks," REUTER, January 8, 1993.
- __________________________________________________
- BAUCUS: CLINTON SHOULD SEEK GATT FAST TRACK
-
- The chair of the U.S. Senate finance committee on international trade,
- Max Baucus (D-Montana), said President-elect Bill Clinton should
- seek renewal of "fast-track" negotiating power to continue the
- current GATT negotiations. Baucus said the renewal is necessary
- because it is unlikely a GATT agreement will be reached by the time
- the current authority expires in March.
-
- Source: "U.S. Senator Sees Renewed GATT Authority," REUTER,
- January 7, 1993.
- __________________________________________________
- FRENCH BANK: REGIONAL TRADE BLOCKS OVER GATT
-
- "The current GATT crisis could be the start of a fresh look at the
- free-market doctrine," said a report published yesterday by Banque
- Indosuez, a French bank. "When each of the three main economic
- zones contains such a wide range of economic situations and
- comparable advantages, one must wonder if the multilateral
- approach to world trade as conceived by GATT must not now
- provisionally give way to one of regional integration." The report
- said costs in terms of unemployment might not be overcome by the
- benefits of a completed agreement, in part because labor is not as
- mobile as merchandise. The report said the EC-US farm deal reached
- last month will go beyond the EC's common agricultural policy, but
- that its impact will ease in the long-term.
-
- Source: "GATT Stalemate May Favor Trade Zones - Indosuez,"
- REUTER, January 7, 1993.
- __________________________________________________
- RESOURCES
-
- "Rendering Rio Moot: Trade Policy at the Earth Summit - The UNCED
- Papers of the Institute for Agriculture and Trade Policy, " by Kristin
- Dawkins, January 1993. Available from: The Institute for
- Agriculture and Trade Policy, US$3.50.
- __________________________________________________
- Other On-line Conferences:
-
- trade.strategy - a discussion of trade issues
- trade.library - a repository of trade information
- eai.news - a news summary of Latin American trade topics
- susag.news - a news summary of sustainable agriculture issues
-
- Produced by:
- Hannah Holm, The Institute for Agriculture and Trade Policy (IATP)
- 1313 Fifth Street SE, Suite #303 Minneapolis, MN 55414-1546 USA
- Tel:(612)379-5980 Fax:(612)379-5982 E-Mail:kmander@igc.org
- _________________________________________________________
-
-