The chips are down

Article Abstract:

The expiration in July 1996 of the 1986 semiconductor pact between the US and Japan raises timely questions about the utility of bilateral trade deals. The US share of Japan's semiconductor market has risen during the pact from 8% to more than 30%, though Japan argues that is due to market conditions and other events. Washington still wants a new agreement involving the two governments, and Tokyo officials have agreed to bilateral talks while the US has dropped insistence on numerical targets. The WTO may obviate any agreement, though.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Semiconductor industry, Interpretation and construction, International trade, Commercial treaties, Trade agreements

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Eye of the beholder

Article Abstract:

The reasons for the drop in the US trade deficit with Japan may include the choices of industry involved in trade deals in addition to President Bill Clinton's trade strategies. Industries in which trade to Japan was successfully negotiated were industries in which the US is particularly strong, such as medical equipment production. Trade negotiations between the two countries have also become less argumentative through since the early 1990s.

Balance of trade

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