"What is available here is a liberalized trading arrangement that could serve as a model for the rest of the world,."
He came here offering some kind of trading arrangement.
Merrill Lynch executives have told the court that such informal trading arrangements were not permitted.
We know from experience that trading arrangements involving related parties are complex.
Most of the trading arrangements which are encountered in modern industrial societies follow this pattern.
Was it the pattern of politics or the future of Britain's trading arrangements which he wished primarily to influence?
Under the agreement, both countries would continue to have free trading arrangements as before.
And he wishes to have these beneficial trading arrangements clarified before any further discussion takes place.
Why not instead do away with both forms of protectionism and enter into proper trading arrangements with the developing countries?
In addition, simplification should apply not just to customs procedures, but also to future trading arrangements.