t in 1980-90.
In 1991, Thailand recorded a visible trade deficit of $5,985m. (U.S.), and there was a deficit of $7,564m. on the current account of the balance of payments. In the same year, the United States recorded a visible trade deficit of $73,436m. and there was a deficit of $3,682m. on the current account of the balance of payments.
The United States' principal export market and main source of imports in 1992 was Canada, with which a free trade agreement came into force in January 1989, providing for the progressive elimination, over a 10-year period, of all trade tariffs between the two countries. In 1992, Canada accounted for 20.2 percent of the total U.S. exports and 18.5 percent of the total imports. Japan was the second-largest trading partner, providing 18.3 percent of America's imports in 1992. However, Japan only accounted for 10.7 percent of America's exports for the same year--a source of friction between the two countrie
...