Word: gattes
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...course, this proposal is a bald faced grab for arm votes in the runup to the November election, but that's old news. Much more frightening is that, in a single stroke, Bush has wantonly threatened the stability of the European Community (E.C.) and has seriously undermined the GATT mission of multilateral trade liberalization...
...threatening the stability of the E.C. seems not to be enough for this president, who used to make a watchword of "prudence." Bush has gone after the GATT as well...
...GATT has been one of the paragons of postwar liberalization and stability, spectacularly successful in its mission of making the ideal of free trade a reality. Today, thanks in large part of the GATT process, tariffs on industrial goods are negligible...
...GATT is one international structure that has really worked. And it is perhaps the last institutional check on the formation of trading blocs, which would have a negative geopolitical and well as economic impact...
...American president--a self-proclaimed free trader, no less--to come to the GATT and propose quotas and managed trade marks a mortal blow to the free trade ideal. It is a signal that in the post-Cold War world, trading blocs and mutual hostilities will replace open borders and open hearts...