Word: gattes
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...administration has promised to give Moscow most-favored-nation trade benefits, and to support its bid to participate in the General Agreement on Tariffs and Trade (GATT), an international trading organization, in exchange for Soviet relaxation of emigration restrictions on Soviet Jews...
...will depend on the Soviets, but Washington can help Gorbachev by reaching agreements to cut conventional arms and strategic nuclear arsenals. In addition, Shevardnadze in his speech last week spoke of Moscow's desire to join such Western economic institutions as the World Bank, the International Monetary Fund and GATT (the General Agreement on Tariffs and Trade). Like Hungary, the Soviet Union could benefit from most-favored-nation trade status...
...Support Soviet efforts to make the institutional changes necessary to join such international organizations as the World Bank, the International Monetary Fund and GATT...
...Uruguay Round of trade negotiations, launched in the beach resort of Punta del Este two years ago. The purpose of the Montreal gathering, held under the auspices of the 1947 General Agreement on Tariffs and Trade: to establish guidelines for furthering free trade. Instead, last week's GATT meetings, involving delegates from 103 nations, were dominated by an inconclusive and bitter row between the U.S. and the European Community. The chief issue was an American demand that all nations agree to the total elimination of subsidies to farmers, which the U.S. believes distort international trade...
After the lackluster Montreal performance, many countries may be tempted to bypass GATT and negotiate more bilateral or regional pacts with only a few trading partners. Still, no one is quite ready to abandon GATT. Says Bill Martin, chief economist of Phillips & Drew, a leading London brokerage firm: "There's not great hope that GATT can achieve much in the way of further trade liberalization. But GATT is a very important bulwark against galloping protectionism." An important bulwark, but an increasingly leaky...