61. Many nations fear a leadership vacuum at a time when global economic upheavals are increasing pressure on governments to impose import curbs to protect local industries. 62. Many nations want to avoid a leadership vacuum at a time when global economic upheavals are increasing pressure on governments to impose import curbs to protect local industries. 63. Nearly all manufacturers are foreign joint ventures, but the industry is protected by local content rules and tariffs. 64. Saying the government can no longer protect domestic industry from foreign competition, President Kim Young-sam called Tuesday for major economic reforms. 65. Some developing countries see such rules as a way by rich nations to protect their industries against cheaper competition, particularly from the Far East. 66. Similarly, customs rules can be manipulated to protect domestic industries from foreign competition. 67. Some officials at the meeting said Russia should impose protectionist measures to protect domestic industries or increase taxes foreign goods. 68. That narrow victory came after Republican leaders promised lawmakers from states with a large textile sector that Congress would take steps to protect the industry. 69. South African Trade Minister Trevor Manuel said his country needs the transition period to protect its industries while they become competitive on world markets. 70. That would let it protect industries by retaining some trade barriers that industrialized countries are not allowed. |