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The construction market: Japan slams the door

Article Abstract:

American has been fighting a bitter diplomatic and trade battle against blatant protectionism in Japan's $380 billion per year construction market. Focusing on a new international airport project near Osaka, this article explains why the dispute and its outcome are so crucial. At stake is open U.S. access to hundreds of billions of dollars more in contracts from new Japanese high-technology public works projects that will give the nation a new social infrastructure. If the U.S. continues to be shut out of Japan while Japanese continue to aggressively invade the U.S. and third-country markets, construction could become another major strategic industry in which American corporations will have lost a significant share of the global market. (Reprinted by permission of the publisher.)

GENERAL BUILDING CONTRACTORS, United States, Construction industry, Japan, International trade regulation

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Service breaks

Article Abstract:

U.S. service industries are having difficulty exporting their services, due to foreign trade barriers. Legislative and diplomatic developments, including the Trade and Tariff Act of 1984 and potential progress at the upcoming Geneva conference on the General Agreement on Tariffs and Trade, may be paving the way for less restricted trade. International trade factors and the need for international agreement on trading intangible goods are discussed. The service sector of the economy generates two-thirds of the U.S. GNP, creating strong motivation to break down trade barriers that stifle global profit potential. The movement for freer trade is traced over the last two decades. Progress on the international front is reviewed focusing on the GATT Ministerial.

Services industry, Service industries, Free trade, Commerce

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