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DSK UC
(b)
state trading enterprises to apply fair and
equitable treatment' in foreign trade. But
by implication this is less than 'most favoured
nation' treatment and no GATT contracting
Party has ever brought a case to test what
it means in practice.
Initiatives within the EC. The UK could argue
for a change in the distribution of EC aid
or of EIB loans. But it is extremely
difficult to influence the direction of such
funds in the short term; the threat of action
might, however, have some symbolic value.
If there are economic cooperation agreements
between the EC and a relevant economic group,
we could also threaten to use our influence
to cool cooperative enthusiasm within the
EC, though in practice there are few agreements
from which the NICs derive enough benefit to
make this a profitable sanction. More generally,
our ability to wave a big stick at LDCs over
access to the European Market is limited because
we are already hawkish in key areas such as
textiles, while a reversal of our present stance
in other areas such as agriculture would be
contrary to wider British interests.
(c)
Action in the UN. There may be issues on which
individual LDCs are vulnerable to pressure in
the UN (for example, Indonesia and East Timor).
/By
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