There were no 【breakthroughs】 in the Uruguay Round of GATT negotiations on key elements.

Passage 1In April, the EC imposed a ban on livestock, meat and dairy products from 18 eastern countries following an outbreak of hoof and mouth disease in Croatia. Hungarian Foreign Minister Geza Jeszenszky told EC leaders that the “entirely unwarranted (move) smacks of a most regrettable survival of the notion of an Eastern bloc.”The EC followed with antidumping duties and “voluntary” export restraints on certain steel products from Hungary and Poland. And just days after signing the EFTA free trade agreement in early April, Austria introduced import quotas on chemicals, cement agricultural machinery, and steel from Eastern Europe. West Europeans claim that their eastern neighbors have an unfair advantage because of low wages, state subsidies and low environmental standards.Although the EC and EFTA agreements are supposed to lift tariffs and trade barriers on most industrial goods over 10 years, most agricultural products are not included in the agreements. This is critical for Hungary, with its extensive farm sector.“The EC is never going to let Hungary achieve its potential output,” says Iowa David Andres, who has studied Hungarian agriculture firsthand ,” They’re already afraid of Hungary.”Statements:42.“In April, the EC imposed a ban on livestock, meat, and dairy products from 18 eastern countries following an outbreak of hoof and mouth, disease in Croatia.” Here imposed a ban means shut out imports.

Passage 1In April, the EC imposed a ban on livestock, meat and dairy products from 18 eastern countries following an outbreak of hoof and mouth disease in Croatia. Hungarian Foreign Minister Geza Jeszenszky told EC leaders that the “entirely unwarranted (move) smacks of a most regrettable survival of the notion of an Eastern bloc.”The EC followed with antidumping duties and “voluntary” export restraints on certain steel products from Hungary and Poland. And just days after signing the EFTA free trade agreement in early April, Austria introduced import quotas on chemicals, cement agricultural machinery, and steel from Eastern Europe. West Europeans claim that their eastern neighbors have an unfair advantage because of low wages, state subsidies and low environmental standards.Although the EC and EFTA agreements are supposed to lift tariffs and trade barriers on most industrial goods over 10 years, most agricultural products are not included in the agreements. This is critical for Hungary, with its extensive farm sector.“The EC is never going to let Hungary achieve its potential output,” says Iowa David Andres, who has studied Hungarian agriculture firsthand ,” They’re already afraid of Hungary.”Statements:43.With the EC and EFTA agreements, there will hardly be any improvement in exports of Eastern Europe’s agricultural products.

Passage 1In April, the EC imposed a ban on livestock, meat and dairy products from 18 eastern countries following an outbreak of hoof and mouth disease in Croatia. Hungarian Foreign Minister Geza Jeszenszky told EC leaders that the “entirely unwarranted (move) smacks of a most regrettable survival of the notion of an Eastern bloc.”The EC followed with antidumping duties and “voluntary” export restraints on certain steel products from Hungary and Poland. And just days after signing the EFTA free trade agreement in early April, Austria introduced import quotas on chemicals, cement agricultural machinery, and steel from Eastern Europe. West Europeans claim that their eastern neighbors have an unfair advantage because of low wages, state subsidies and low environmental standards.Although the EC and EFTA agreements are supposed to lift tariffs and trade barriers on most industrial goods over 10 years, most agricultural products are not included in the agreements. This is critical for Hungary, with its extensive farm sector.“The EC is never going to let Hungary achieve its potential output,” says Iowa David Andres, who has studied Hungarian agriculture firsthand ,” They’re already afraid of Hungary.”Statements:44.The EC and EFTA agreements will let Hungary achieve its agricultural potential output.

Passage 1In April, the EC imposed a ban on livestock, meat and dairy products from 18 eastern countries following an outbreak of hoof and mouth disease in Croatia. Hungarian Foreign Minister Geza Jeszenszky told EC leaders that the “entirely unwarranted (move) smacks of a most regrettable survival of the notion of an Eastern bloc.”The EC followed with antidumping duties and “voluntary” export restraints on certain steel products from Hungary and Poland. And just days after signing the EFTA free trade agreement in early April, Austria introduced import quotas on chemicals, cement agricultural machinery, and steel from Eastern Europe. West Europeans claim that their eastern neighbors have an unfair advantage because of low wages, state subsidies and low environmental standards.Although the EC and EFTA agreements are supposed to lift tariffs and trade barriers on most industrial goods over 10 years, most agricultural products are not included in the agreements. This is critical for Hungary, with its extensive farm sector.“The EC is never going to let Hungary achieve its potential output,” says Iowa David Andres, who has studied Hungarian agriculture firsthand ,” They’re already afraid of Hungary.”Statements:45.There will be a lot of improvement in exports of Eastern Europe’s products except agricultural products.

Passage 1In April, the EC imposed a ban on livestock, meat and dairy products from 18 eastern countries following an outbreak of hoof and mouth disease in Croatia. Hungarian Foreign Minister Geza Jeszenszky told EC leaders that the “entirely unwarranted (move) smacks of a most regrettable survival of the notion of an Eastern bloc.”The EC followed with antidumping duties and “voluntary” export restraints on certain steel products from Hungary and Poland. And just days after signing the EFTA free trade agreement in early April, Austria introduced import quotas on chemicals, cement agricultural machinery, and steel from Eastern Europe. West Europeans claim that their eastern neighbors have an unfair advantage because of low wages, state subsidies and low environmental standards.Although the EC and EFTA agreements are supposed to lift tariffs and trade barriers on most industrial goods over 10 years, most agricultural products are not included in the agreements. This is critical for Hungary, with its extensive farm sector.“The EC is never going to let Hungary achieve its potential output,” says Iowa David Andres, who has studied Hungarian agriculture firsthand ,” They’re already afraid of Hungary.”Statements:46.The EC and EFTA agreements are supposed to lift tariffs and trade barriers on all the products over 10 years.

Passage 2It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan and a more unified European Community.Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years.With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades.President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next.Mr.Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care and other ‘entitlement’ programs.Statements:47.The conventional wisdom about the US economy assumed that the recovery would remain abnormally weak.

Passage 2It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan and a more unified European Community.Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years.With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades.President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next.Mr.Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care and other ‘entitlement’ programs.Statements:48.The US economy recovery becomes more attractive for internationally mobile capital because the US recovery is abnormally strong.

Passage 2It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan and a more unified European Community.Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years.With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades.President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next.Mr.Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care and other ‘entitlement’ programs.Statements:49.Both assumptions are now looking right.

Passage 2It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan and a more unified European Community.Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years.With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades.President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next.Mr.Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care and other ‘entitlement’ programs.Statements:50.Mr. Clinton will make effort to slash the familiar budget deficit.