Yergin, Daniel
January 1977
Foreign Affairs;Jan1977, Vol. 55 Issue 2, p517
This article explores three questions related to the trade relations between the U.S. and the Soviet Union. The countries have signed a trade agreement in 1972 and since then trade between them has risen consistently. But despite the consistent rise in trade, the Soviet Union announced that it would not agree to put the trade agreements into formal effect. The U.S. recognizes its national interest in trade with the Soviet Union. Trade with the Soviet Union, from the point of view of the U.S., creates a common interests between the two countries, provides incentives for stability and lays the groundwork for a cautious expansion of interaction. Trade also draws the Soviet Union into the community of advanced industrial nations. So the recent decline in the trade between the two countries should motivate the current administration in the U.S. to restore trading link.


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