WORLD IN BRIEF : EAST GERMANY : U.S. Trade Limits Lifted Early by Bush
From Times Staff and Wire Reports
President Bush lifted trade restrictions on East Germany to give American business a chance to gain an early foothold in the markets of a reunited Germany. Bush signed an executive order exempting East Germany from a clause in the 1974 trade law that, until the revolutions of 1989, denied many East European countries trade privileges with the United States. Bush’s action makes East Germany eligible for trade-promoting loan guarantees and credits from the Export-Import Bank.
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