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BPEA Article

Semiconductor Dependency and Strategic Trade Policy


IN JULY OF 1991, the U.S. government formally concluded negotiation
of a new Semiconductor Trade Arrangement (STA) with Japan and set
out a framework for trade and investment in microelectronics between
the two nations for the next five years. That agreement, which replaced
a pathbreaking 1986 pact, continued a controversial experiment in trade


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