U.S., Moscow OK 2-Year Extension of Grain Pact
After eight months of difficult negotiations, the Soviet Union and the United States today extended their recently expired grain pact, ensuring continued large-scale Soviet purchases of U.S. farm products.
The Soviets will buy at least 9 million metric tons of grain and soybeans annually from the United States under the pact, which will run until Dec. 31, 1990, Foreign Ministry spokesman Gennady I. Gerasimov told a news conference.
The terms of the pact are identical to those of the superpowers’ five-year grain pact that expired in September, said a spokesman for Trade Representative Clayton Yeutter.
The Soviets unsuccessfully sought to expand the pact.
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