U.S. renews favorable trade status

Article Abstract:

Pres Bill Clinton agreed to extend China's most-favored-nation (MFN) status until 1994. Clinton indicated that the MFN status would not be renewed unless China reduced human-rights abuses. Human-rights groups claimed that the agreement was too vague.

United States, China, Chinese foreign relations, United States foreign relations, Most favored nation clauses

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OPEC: oil output quotas remain frozen

Article Abstract:

The dozen nations of OPEC will maintain their current freeze of petroleum production, which began in November of 1994, for six more months or longer. OPEC's greatest challenge is regaining the global market share it has lost.

Planning, International aspects, Petroleum industry

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Weak accord renews production quotas

Article Abstract:

OPEC oil ministers agreed to reestablish country production quotas to reduce oil production by a little more than one million barrels per day. These quotas had been eliminated during the Persian Gulf War.

Laws, regulations and rules, Economic policy, Natural gas exploration, Oil and gas exploration, Petroleum exploration

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