Word: gattes
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...this point in its evolution, a new set of dynamics must be introduced. The GATT must be qualitatively improved, not just procedurally tinkered with. It must become more in tune with current policy and practices...
...mechanisms for dispute resolution are clearly inadequate. For international trade agreements to be meaningful, they must have workable enforcement mechanisms. In the absence of these mechanisms, countries resort to unilateral actions which undercut the trading system. There must be, in any reconstitution of the GATT and in subsequent rounds, provision for the formation and operation of dispute resolution panels, adoption of panel recommendations and generous provisions for substantive retaliation, if the panel's recommendations are ignored...
...GATT has, in the past, thwarted a distressing revival of unilateralism. I do not mean to provide a surreally optimistic picture of the GATT and its potential, but as it is currently constructed, it is seriously flawed...
Accusations of a democratic deficit also plague the GATT. The opacity of the administrative machinery admittedly is frustrating, substantiating charges of managerial absolutism. It is debatable, though, whether a greater public understanding of what is involved in GATT negotiations would be desirable...
...that the grotesque polarities of the Cold War no longer exist, economic relations are at the locus of international relations. At this critical hour, the Clinton Administration needs to send clear signs of its support for the GATT negotiations and should move decisively toward breaking this impasse. There is a compelling economic interest in resolving this issue. Clearly, the institution has to be strengthened or there has to be a more efficient replacement. Multilateral and regional approaches are not inherently incompatible--they can be complementary. The United States has to utter a less tremulous yes to GATT and to free...