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Tariff panel says Canada broke rules on ownership

By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World, Edited By Linda Feldmann / July 15, 1983


An international panel says Canada violated laws of global trade that restrict foreign ownership of domestic business. A committee of the General Agreement on Tariffs and Trade ruled that Canada is wrong in requiring non-Canadian investors to buy certain supplies and services within Canada. GATT members, such as Canada, are required to treat foreign-owned and domestic companies evenhandedly. The Reagan administration had issued complaints about the Canadian practice.

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