Word: gattes
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...addition to ILO and ITU, Geneva is the home of such prestigious U.N. agencies as the World Health Organization (WHO), World Meteorological Organization (WMO), and the General Agreement on Tariffs and Trade (GATT). Last week the branch of the U.N. Children's Fund (UNICEF), Paris-based since 1946, disclosed plans to move its headquarters to Geneva by next summer. Soon to come is a helter-skelter maze of smaller programs, ranging from the Office of the High Commissioner for Refugees (UNHCR), to the International Bureau for Declaration of Death, which identifies victims of civil wars and natural disasters...
...Agreement on Tariffs and Trade, meeting in Geneva last week, indicated the danger. The report warned that if the U.S. import surcharge is still in effect by Jan. 1 and prevents the U.S. from carrying out the final phase of tariff cuts agreed to in the Kennedy Round negotiations, GATT nations would be compelled to retaliate -in short, it predicted a trade...
...surtax breaks both the letter and the spirit of the international General Agreement on Tariffs and Trade. As a result, the U.S. now finds itself defending actions of a sort that it has criticized others for in the past. The 55-member GATT council is scheduled to meet in an emergency session this week to deal with the potentially explosive situation...
...justify the surtax, the U.S. has cited GATT Article 12, which allows temporary restrictions in case of severe balance of payments deficits. But the provision permits only quotas, not surtaxes. Thus, the U.S. is relying largely on a precedent set by Britain in 1964 when it posted a 15% import surtax (later reduced to 10%) and kept it for two years...
FLANIGAN: It would be nice to take that proverbial two-by-four and get somebody's attention. But Japan has reduced its items in violation of GATT from 120 to 80, and we expect the number to be down to 40 by September. Meanwhile, we are attempting to negotiate an extension and tightening of the voluntary limitations on steel imports. We have negotiated a voluntary limitation on stainless-steel flatware. We are now talking about shoes, and we may attempt to solve that problem by a voluntary limitation. Is it appropriate that while we are discussing these voluntary limitations...