Winnipeg Free Press Newspaper Archives May 8 1986, Page 35

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Winnipeg Free Press (Newspaper) - May 8, 1986, Winnipeg, Manitoba Mulroney proves hit at meeting Tokyo up prime Mulroney was apparently a big hit at a breakfast meeting he attended today with a powerful group of Japa Nese there was Good feeling at the breakfast meeting with the Kei Darren which was attended by captains of Industry and finance in a Canadian official said at a news briefing there was such Good feeling that afterwards the president Eishiro Saito of Nippon steel came Over and put his Arm around the prime minis Ter and said youre the kind of fellow that understands our interests and How we can work with said the official who spoke Only on condition that he not be Canadian officials and at least one of the Bank of Tokyo managing director toy said the prime minister didst take a hard sell approach at the they agreed Mulroney was effective during the which Cana Dian officials said ran 20 minutes longer than had been planned and would have run longer had it not been for the prime ministers tight Mulroney told the businessmen he Goodwill insufficient to secure Trade negotiator says new York up it will take More than just Goodwill towards Canada to get politicians to vote in favor of a Freer Trade the Man preparing the talks for the Side said negotiators Are going to have to demonstrate to Congress that whatever agreement comes Forward is truly in the interests of the United Deputy assistant Trade representative Bill Merkin told a luncheon meeting at the Centre for inter american this Means the agreement will probably have to preserve protectionist measures for industries that Merkins Canadian counterpart on the Alan says Are Ottawa main target in the clearly we do have a political Merkin referring to the opposition in the Senate finance committee to the Trade we have to show in this negotiation that interests Are being protected and preliminary talks Are set for May 21 in a new Trade agree ment is going to have to be sold on its economic Merkin told the despite All the Goodwill that exists Between the United states and that in and of itself will not be enough for them to vote in favor of this he it worked once with he referring to free Trade pact concluded last year Between the two i dont think its going to work who will be Canadas assistant chief said Ottawa places a High priority on reducing the ability of businesses to take capricious action to Block Canadian it appears that Many companies Are systematically exploiting Trade Laws to protect them selves from Canadian especially in resource based prod Nymark quoting a Mem Ber of Canadas Trade advisory com Nymark said he believed it will be possible to reach an agreement acceptable to political sensitivities on both sides of the a agricultural economist said yesterday that he believes the farm which has panicked Canadian May be too expensive to carry on for Michael Boehlje of the University of Minnesota at Paul told a Saskatchewan economic Outlook conference in Regina that the five year program was a fiscal time bomb which might explode As Early As 1988 when the Cost becomes official projections suggest the government could pay out up to billion in each of the first two compared with no More than billion in the was not going to take out ads to sell Canada As a place to the official the official the prime minister said he would count on a group of japanese businessmen who will be touring Canada in the fail to see for themselves that Canada is an attractive place to the major pitch that he was giving was its a time to invest and its a time to invest in the official and he knew he was speaking to people that didst need to go to too Many Board meetings in order to arrive at these were people who could take decisions All by the officials said that the businessmen were very supportive of Canada and the United states trying to reach a free Trade Deal which they said would make Canada an even More attractive place to invest because of Canadas Access to the huge the businessmen also held out Hope for Canadian Auto parts saying that because of the High value of the japanese yen Auto companies Are finding it cheaper to import parts than buy them in Mulroney suggested to prime minister Yasuhiro Nakasone that Japan invest More in can Ada if japanese automakers want to maintain their share of the Canadian a Canadian official the official said Mulroney told Nakasone in a private meeting we regard it As important that there be an avoidance of Market disruption and we would like to see the traditional share maintained while accommodating those who make investments in Nakasone presents Mulroney with gift of Deer he Mulroney stressed that the the North american Auto Bottom line in All of this was that investment whether in Auto As Sembly or Auto parts was preferable to any kind of at japanese automakers Are limited to an 18percent share of the Canadian passenger car the so called voluntary restraint Deal expired March but Ottawa considers it still in effect while negotiations on a new agreement Contin prior to his trip to Mulroney met with Domestic automakers and their who have been pushing Ottawa to Force All foreign automakers to follow the rules of in that would mean that for every new Auto a foreign company Sells in Canada it must produce one or the equivalent value in Auto parts in during the meeting with Naka Mulroney repeated his Call for greater Access for Canadian products to the japanese especially another Canadian official said the japanese government promised yesterday to ease its building code on lumber used for which he said would provide a massive Opportunity for lumber exporters from you dont pay a Penny till 86 an the spot Imam Cimfl minimum Purchase r no no interest to pay till were seriously overstocked its All got to go now the trucks Are pulling up to the Penthouse but we just dont have the room for new Stock weve been forced to liquidate All million Worth at sacrifice everything must including Winnipeg largest selection of imported lacquer and dining occasional out they go and you dont pay a Penny till september you cant afford to wait one More into the Penthouse for once lifetime buys on Oneo faking Quality extra staff on hand for this event All sales no layaway deliveries May be delayed because of increased demand 100 Princess phone 9420445 open Friday to weekdays to saturday to Winnipeg largest furniture store Penthouse

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