1. The agreement was less favourable to Cuba than previous agreements, with the Soviet Union ending its commitment to preferential trade terms. 2. The report urged industrialized countries to increase aid to LDCs, to ease their debt burden, and to give them preferential trade treatment. 3. And empirical studies suggest that preferential trade areas in Europe and South America do divert trade at the expense of economic efficiency. 4. Analysts, however, say that if sanctions are applied, they would likely only include the removal of some preferential trade agreements, such as one on flowers. 5. And Trade Minister Sergio Marchi said the government is interested in negotiating a separate preferential trade agreement between Canada and the four countries making up the Mercosur trading bloc. 6. A divided House voted Friday to renew a preferential trade agreement with four Andean countries, disregarding warnings that it would harm American textile and tuna industry workers. 7. Caribbean countries received certain preferential trade privileges under the terms of the CBI. 8. Clinton has declined to treat progress on human rights or on restricting the spread of nuclear weapons as prerequisites for high-level meetings and preferential trade status. 9. CLINTON BACKS CHINA TRADE President Clinton called for renewed preferential trade status for China, despite a looming confrontation over Chinese pirating of American software, movies and music. 10. Colombia now has preferential trade tariffs under the Andean Trade Preference Act. |