Policy Issues in Aerospace Offsets Report of a Workshop (1997) / Chapter Skim
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AN OVERVIEW OF THE ISSUES: WHAT, IF ANYTHING, NEEDS TO BE DONE?
AN OVERVIEW OF THE ISSUES: WHAT, IF ANYTHING, NEEDS TO BE DONE?
Pages 37-38
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From page 37... ...
The credibility of international trade agreements Is challenged by the existence of a significant portion of trade lying beyond the reach of agreements that are designed to ensure that trade occurs on the basis of commercial considerations. Cartels, Wolff noted in passing, are another weak point in the trading system, and discussions are beginning in Geneva on the degree to which cartel behavior distorts normal market operations.
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From page 38... ...
This conference demonstrates the importance of having the analytical ability to understand how those countries view such tools as industry-building measures, in order to determine what type of response, if any, the United States should take. An effective response requires consensus, and building a consensus is best attempted domestically first, and only subsequently at the international level.
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