President Bush promised yesterday to deliver a message to Asian trading partners to 'treat us the way we treat you' but offered top U.S. auto executives little help in their battle to turn their companies around. . . . Bush, who was preparing to attend the Asia-Pacific Economic Cooperation forum in Vietnam this week, said he would tell Asian trading partners that 'our markets are open for your products, and we expect your markets to be open for ours, including our automobiles.' (Washington Post, Wednesday)
Open markets here shouldn't be contingent on open markets there.
FEE Timely Classic
GATT and the Alternative of Unilateral Free Trade by Pierre Lemieux