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CHANGES WITHIN +/- 0.5 PER CENT
PERSONS ENGAGED COVER COMPANY EMPLOYEES ONLY: SITE WORKERS EMPLOYED BY LABOUR-ONLY SUB-CONTRACTORS NOT INCLUDED.
DRAFT TRADE BILL FOR U.S. SENATE
* * *
THE TRADE DEPARTMENT SAID TODAY IT HAD RECEIVED FURTHER DETAILS OF A DRAFT TRADE BILL TO BE INTRODUCED TO THE UNITED STATES SENATE.
THE BILL HAS BEEN PREPARED BY A GROUP OF REPUBLICAN SENATORS AND, AS REPORTED BY THE DEPARTMENT EARLIER THIS WEEK, IT SEEKS TO EXCLUDE SOME DEVELOPING NATIONS FROM THE UNITED STATES GENERALISED SCHEME OF PREFERENCES (GSP).
A COVERING LETTER TO THE BILL, LIKELY TO BE INTRODUCED TODAY (U.S. TIME) AND SIGNED BY 18 LEADING FIGURES IN THE SENAT-, INCLUDING SENATORS PATRICK MOYNIHAN, JACK DANFORTH AND BOB DOLE, SAYS THAT THE BILL SETS OUT TO ENSURE SYSTEMATIC ENFORCEMENT OF EXISTING TRADE LAWS AGAINST FOREIGN UNFAIR TRADE PRACTICES EXPAND TRADE THROUGH MARKET LIBERALIZATION, PROMOTE MEANINGFUL ADJUSTMENT OF IMPORT-RELATED INDUSTRIES TO NEW COMPETITIVE CONDITIONS, AND REMEDY MISALIGNMENT OF THE DOLLAR, DEVELOPING COUNTRY DEBT, AND DISINCENTIVES TO U.S. EXPORTS.+
/R PAUL
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