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Pages 142-145

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From page 142...
... The increased competitive strength of foreign manufacturers is appearing at a time of declining U.S. dominance and leadership in world markets and is fostering disturbing U.S.
From page 143...
... Instead, nontariff barriers to market access -- such as governmentally directed procurement- - r more subtle forms of foreign government subsidy are the central issues. This new form of international competition in hightechnology industries was the basis for the Agreement on Trade in Civil Aircraft that was negotiated in parallel with the final set of Tokyo Round talks.
From page 144...
... Faced with a broad and constantly changing array of foreign nontariff barriers, U.S. trade policy now must devote a much higher level of resources and attention to the monitoring and enforcement of multilateral agreements on the rules and actual practice of the game -- and with a growing list of competitor nations.
From page 145...
... If the mechanisms permit it, domestic airlines will seek to stimulate below-market financing from foreign vendors to force better terms from domestic suppliers. Mechanisms and policies must be developed to uncover and counter such practices.


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