Canadian finance minister urges trade pact with U.S.
At the Cleveland World Trade Conference Tom Hockin urged urgent talks on a detailed U S Canada trade agreement. He predicted a conclusion by September and warned protectionism would shrink global trade opportunities. Hockin noted Canada and the United States maintain a $170 billion annual trade, with exports of $93 billion to the U S and $77 billion from the U S to Canada. He framed protectionism as counterproductive amid rising U S exports to Canada.
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Cleveland (Ap
Canada
U.S
United States
Tom Hockin
Hockin
Ohio manufacturing gains noted by Cleveland Fed economist
Cleveland based economist Michael F. Bryan says Ohio remains productive while shifting its base as a new Ohio Manufacturing Index tracks evolution. He cites a 347 percent rise in state manufacturing output from 1982 to 1986, outpacing a 304 percent national gain, with plastics rising while rubber declines. OMA cautions that decades of recession hurt heavy industries and jobs may not return.
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Cleveland
Cleveland Federal Reserve Bank
Ohio
Michael F. Bryan
Fed
Economic Review
Bryan
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