Word: gattes
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...WORLD ORDER, THE TENSION BETWEEN LIBeral and protectionist trade policies will matter as much as the struggle between capitalism and communism during the cold war. That's why GATT is an acronym worth understanding and a process worth rescuing...
...General Agreement on Tariffs and Trade is actually not one agreement but many. It's an accretion of rules and deals aimed at chipping away the barriers that impede the worldwide import-export business. GATT has been unfolding since 1947 in stages, or "rounds." The latest, which began in Uruguay in 1986, has been stalled for a year and a half. There are many sticking points, but the biggest is European agriculture, which is still heavily subsidized and highly protectionist...
...ECONOMY: GATT Matters (Really...
...such pocketbook arguments for liberalized trade aren't convincing enough, there are some compelling political ones. The countries in Latin America, Eastern Europe and the former Soviet Union now groping toward economic liberalism covet GATT membership as a way to reinforce market-oriented reforms ) and to win foreign investment. It would be unfortunate for GATT to wither and die just as these countries are joining...
Other analysts doubt that the aftershocks of a GATT failure would be so cataclysmic, and they point out that GATT rules were unable to solve America's trade problems with Japan in the 1980s. Some environmentalists argue that a strong free-trade regime will block individual countries from banning ecologically suspect products or subsidizing conservation, and they dislike GATT's relentless quest for economic growth...