Abstract

The chemical industry has not yet joined the loud and growing chorus of voices from various U.S. business interests to extend most-favored- nation (MFN) tariff treatment to the Soviet Union. However, that's only because its international experts have been too busy with other trade issues. Quite a few of our member companies strongly favor granting MFN to the Soviets, says a trade spokesman for the Chemical Manufacturers Association. The National Foreign Trade Council, National Association of Manufacturers, and the U.S. Chamber of Commerce have all come out recently with strong statements supporting the move to grant MFN trade treatment to the U.S.S.R. If this were to happen, imports from the Soviet Union would enjoy duties that now exist on products from most other countries, rather than the punitively high rates that they now carry. In a report released last month, the International Trade Commission (ITC) says it found strong support for such a move. It ...

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