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 Nixon's intention to visit Peking is attracting tremendous interest all over the world. The present article discusses past developments of US/Chinese trade and its possibilities in the future.

The EC’s association and preference policy has again and again given rise to criticism by those developing countries who are not favoured as well as by the other industrial states. Sometimes, however, it seems that preferences have been overestimated. It cannot be overlooked that the...