Turn Around Is Fair Game Essay Research — страница 2

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eliminate unfair trade activities of countries such as Japan as well as European Community countries. In other cases, its credible threat has been sufficient to achieve market-opening, trade-liberalizing results without imposing sanctions. Unfortunately, it is seldomly used. In most instances, Section 301 is used only as a last resort when all other available remedies have been exhausted. Often, bilateral negotiations and dispute-settlement procedures under the General Agreements on Tariffs and Trade (GATT) are used to resolve trade disagreements without resorting to Section 301. For example, bilateral negotiations have been successful in improving access to Japan’s market for U.S. products, resolving South Korean unfair trade practices affecting intellectual property rights

and insurance, and eliminating tariffs and import bans on several U.S. items in Taiwan. Economic principle tells us that free trade or freer trade will mean lower consumer prices, and, in the long term, job security in a stable, competitive economy. However, in the real world, the short term world, jobs are threatened by competition from abroad – no matter how fair that competition may be. The only way to achieve freer trade in the complex and delicate world of global business, is for the elected officials of America, to decree reciprocal trade agreements at the international bargaining table. These agreements will open doors for new economic opportunities in all nations. The agreements could eliminate all tariffs, reduce or eliminate most nontariff barriers, liberalize

investment practices, cover trade in services, and support efforts at multilateral trade liberalization. As a result all nations’ international competitiveness and living standards should markedly increase.