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Word: agreementin (lookup in dictionary) (lookup stats)
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...Senate gave the nod to aworld trade agreementin a 76-24 vote Thursday evening, making passage of the accord the last act of the 103rd Congress. Debate over GATT in the Senate took up two days but the body had been expected to approve the pact despite needing a waiver with the support of at least 60 members. The Senate approved the waiver by a 68-32 tally. The 124-nation trade agreement cuts tariffs by an average of 38 percent worldwide and creates a powerful World Trade Organization to moderate trade practices and disputes. President Clinton has said...

Author: /time Magazine | Title: GATT GETS GREEN LIGHT | 12/1/1994 | See Source »

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