On April 10, 1973, the US Administration presented a bill with the ambitious title of "Trade Reform Act". It has the purpose of equipping the executive with instruments and powers to develop US foreign trade according to its own ideas.

President Carter assumed power in Washington in January, 1977. Since that time, many aspects of US foreign economic policy, especially those involving the less developed countries (LDCs), have been reviewed and some new approaches have been introduced. Foreign and concepts have been adjusted and...