Word: gattes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Washington officials are quick to point out that the U.S. twice brought its grievance to GATT panels and won both times. The first ruling was issued in 1989, and the second, handed down last March, awarded the U.S. $1 billion in compensation for 20 years' worth of lost business. That decision set off a new round of negotiations, but at the last minute a proposed settlement was scuttled over a plan to cap annual oilseed production in Europe. The E.C. agreed to reduce the production limit from 12.5 million tons to 11 million tons but refused to accede to American...
...comprehensive GATT agreement, expected to boost global commerce substantially, U.S. and European negotiators need to settle their long-running dispute over agricultural subsidies. The U.S. has demanded that European governments trim their healthy price supports, although they have shrunk already under a recent reform package. The E.C. has agreed, but the two sides cannot come to terms on the details...
...trade specialist at the Brookings Institution in Washington, voicing a widely held judgment among economists. Still, no one can deny that the U.S. zealously protects its domestic sugar, peanut and tobacco industries, among others. U.S. farmers retain considerable political power themselves: one of their lobbies reportedly twice foiled a GATT deal just as the two sides had come close to an agreement...
...days, it looked as if the on-again-off-again negotiations for a worldwide trade accord, as part of the Uruguay Round of GATT talks, were finally coming to an end. High-level U.S. and E.C. leaders were said to be ever so close to signing an agreement. They weren't close enough. At the last minute the talks foundered on the same sensitive issue that has persistently stymied negotiators: farm subsidies. Unless France reverses its rigid opposition to European concessions, it appears that a trade pact, if one is ever signed, will come too late to bolster George Bush...
Bush supporters might claim that the GATT talks only represent a piece of the Bush trade policy. They might point to the centerpiece of that policy, the "free trade" promised by the North American Free Trade Agreement (NAFTA...