International records / Foreign Relations of the United States
55. Address by President Ford
ship and cooperation. Under this legislation, all members of OPEC were excluded from our generalized system of trade preferences. This, unfortunately, punished two South American friends, Ecuador and Venezuela, as well as other OPEC nations, such as Nigeria and Indonesia, none of which participated in last year’s oil embargo. This exclusion has seriously complicated our new dialog with our friends in this hemisphere. I therefore endorse the amendments which have been introduced in the Congress to provide executive authority to waive those restrictions on the trade act that are incompatible wit…
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