THE HEMISPHERE: Halt in the Dialogue

Scarcely a year ago, Secretary of State Henry Kissinger proclaimed the beginning of a "new dialogue" between the U.S. and Latin America. By last week, however, the dialogue had stuttered to an awkward halt.

The immediate cause was the new U.S. Foreign Trade Act. The act eliminates tariffs on about $750 million worth of Latin American goods, but excludes members of the Organization of Petroleum Exporting Countries from these benefits. OPEC members Venezuela and Ecuador are directly affected, though neither supported the Arab-led oil embargo of 1973-74.

Diktat Diplomacy. To many Latin Americans, the slap at Venezuela and Ecuador smacked of old-style...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!