foreign trade restrictions

The Consumer Federation of America has estimated that foreign trade restrictions cost about $300 per consumer.

In 1966, the Central Committee approved the "New Economic Mechanism" which eased foreign trade restrictions, gave limited freedom to the workings of the market, and allowed a limited number of small businesses to operate in the services sector.

Although the trade legislation, which the Senate passed overwhelmingly last week and President Reagan is expected to sign this week, won't affect exchange rates, economic growth and other principal determinants of imports and exports, it could contribute toward reducing the deficit if it succeeds in curbing foreign trade restrictions.