MFN Privileges Drive Trade Pact Amid U S Russia Talks
The United States and the Soviet Union pursue a three year Most Favored Nation trade pact tied to credits and tariff discounts. Washington reports a $722 million package with staggered payments over 29 years, contingent on Moscow agreeing to debt repayments and exit visa reforms for emigrants. Secretary Peterson signals congressional action soon, while Groymko hints at Kremlin flexibility on exit fees and third country arbitration to ease ratification.
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