DATE=6/4/98
TYPE=CORRESPONDENT REPORT
NUMBER=2-233394
TITLE=SANCTIONS CRITIQUE (L-ONLY)
BYLINE=BARRY WOOD
DATELINE=WASHINGTON
CONTENT=
VOICED AT:
INTRO: THE U-S NATIONAL ASSOCIATION OF MANUFACTURERS THURSDAY
RELEASED A STUDY CONDEMNING THE INCREASINGLY FREQUENT U-S USE OF
UNILATERAL ECONOMIC SANCTIONS AS A TOOL OF FOREIGN POLICY.
V-O-A'S BARRY WOOD REPORTS.
TEXT: THE MANUFACTURERS SAY THAT 61 U-S LAWS CURRENTLY AUTHORIZE
UNILATERAL SANCTIONS AGAINST 35 COUNTRIES. THEY SAY UNLESS THE
SANCTIONS ARE OBSERVED BY OTHER TRADING NATIONS THE MEASURES ARE
COUNTER-PRODUCTIVE AND HARMFUL TO U-S ECONOMIC INTERESTS. THE
MANUFACTURERS SAY THAT SANCTIONS ARE BEING USED SO ROUTINELY BY
THE ADMINISTRATION AND CONGRESS THAT THEY HAVE BECOME WASTED
ASSETS. THE CONGRESS, SAYS THE MANUFACTURERS ASSOCIATION, TENDS
TO IMPOSE SANCTIONS IN SUPPORT OF HUMAN RIGHTS OR TO STOP CHILD
LABOR. THESE OTHERWISE LAUDABLE EFFORTS, IT SAYS, ARE USUALLY
ILL-CONSIDERED. THE LAWS ARE ENACTED AND THEN FORGOTTEN.
IN THE MOST RECENT CASE, SANCTIONS AGAINST INDIA AND PAKISTAN FOR
CONDUCTING NUCLEAR TESTS, THE MANUFACTURERS BELIEVE THE MEASURES
ARE INAPPROPRIATE SINCE WITH THE EXCEPTION OF JAPAN NO OTHER
MAJOR NATION IS SUPPORTING THEM. ARTHER DOWNEY, AN N-A-M OFFICIAL
AND TOP EXECUTIVE OF AN OIL SERVICES COMPANY, SAYS THESE
SANCTIONS WILL HURT U-S COMPANIES.
//DOWNEY ACT//
YOU HAVE TO UNDERSTAND THAT THE INDIA PAKISTAN SANCTIONS
ARE NOT A BROAD TRADE PROHIBITION LIKE WITH IRAN OR
LIBYA WHERE YOU CAN'T SELL. BUT IT STOPS LOANS, IT STOPS
WORLD BANK ACTIVITY. SO THE IMPACT ON THE BANKING SECTOR
IS HUGE. AND THE IMPACT ON THE SPECIFIC HIGH TECH EXPORT
SECTOR WHERE THERE ARE PROHIBITIONS WILL BE SERIOUS.
AND YOU CAN EVEN GET INTO THE SOFT-WARE BUSINESS.
SILICON VALLEY, YOU KNOW, USES AN ENORMOUS AMOUNT OF
INDIAN SOFTWARE EXPERTS--IN INDIA.
//END ACT//
THE MANUFACTURERS ASSOCIATION POINTS TO A LARGE BODY OF SCHOLARLY
DATA SHOWING THAT SANCTIONS SELDOM ACHIEVE THE DESIRED RESULT.
INSTEAD, IT SAYS, SANCTIONS UNDERMINE THE RELIABILITY OF U-S
FIRMS AS DEPENDABLE SUPPLIERS AND GIVE EXTRA BUSINESS TO FOREIGN
COMPETITORS. (SIGNED)
NEB/BDW/JO
04-Jun-98 6:11 PM EDT (2211 UTC)
NNNN
Source: Voice of America
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