Word: gattes
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...every nation has a fair and reasonable opportunity to sell its products here, but not to the extent that it can wreck any significant part of American industry or agriculture because of a system like a monopoly in Japan. Then we can call for reconvening of a meeting of GATT [General Agreement on Tariffs and Trade]. With the political clout of the laws having been passed in this country, we might have a pretty good opportunity to get the members of GATT to adopt some rules that would represent fair play...
KENDALL: Through its import quotas and other barriers, Japan now maintains import restrictions on 80 items that are in violation of the General Agreement on Tariffs and Trade. Under the GATT arrangement, we can project what these violations cost our industries in total dollars and then stop an equivalent amount of Japanese goods at our own borders...
...investors, and Wyndham White could be the man to do it. Knighted two years ago for distinguished service in international affairs, he was first secretary of the British embassy in Washington during World War II. From 1948 to 1968 he was with the General Agreement on Tariffs and Trade (GATT), serving the last three years as its director general. Then Cornfeld recruited him as a celebrity to bolster I.O.S.'s prestige. Now, said Wyndham White, Cornfeld has "receded into the position of a minority shareholder." Though Cornfeld is still I.O.S.'s largest single shareholder, with...
I.O.S. president, Edward M. Cowett, also quit, though both he and Cornfeld remained as directors. The board picked a chairman, Sir Eric Wyndham White, who is the former head of the General Agreement on Tariffs and Trade (GATT), and a new president, Richard Hammerman, who is the head of the I.O.S. insurance operations and an increasingly powerful man. Their job was to make the best rescue deal possible...
...West Germany and onetime leader of the country's third largest political party, runs I.O.S. operations in Germany (where the company makes nearly 40% of its sales). Sweden's Count Carl Johan Bernadotte and Britain's Sir Eric Wyndham White, the former head of tariff-writing GATT, sit on I.O.S.'s board of directors. Former German Chancellor Ludwig Erhard spurned Cornfeld's overtures, and now heads a rival mutual fund, but no less a personage than German Economics Minister Karl Schiller turned up as the main speaker last month at a pep rally for Bernie...