Foreign Investment:

Canadian Investment in U.S. Publishing and Cable Television Industries

NSIAD-88-153FS: Published: Apr 14, 1988. Publicly Released: Apr 14, 1988.

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In response to a congressional request, GAO identified the extent of Canadian investment in the publishing and cable television industries.

GAO found that the U.S.-Canadian trade agreement: (1) exempted cultural industries; (2) provided for retaliation in response to actions that would have violated the agreement if it had covered cultural industries; and (3) allowed retaliation in the form of measures of equivalent commercial effect. GAO identified: (1) eight Canadian corporations with investments in the U.S. publishing sector; (2) 75 transactions between 1974 and 1986, 17 of which totalled $1.13 billion; and (3) five Canadian companies with holdings in the U.S. cable television industry totalling $1.8 billion.

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