Word: gattes
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...representatives of the Common Market, the U.S., and ten other nations faced Eric Wyndham White, the British executive secretary for the General Agreement on Tariffs and Trade (GATT). One by one, they presented folders bearing the all-important list of goods they wish excepted from the upcoming series of tariff-cutting talks. It was, said Wyndham White, "a historic moment." Cars & Food. In history's most ambitious effort to expand world trade, the Kennedy Round aims at cutting all tariffs among the 64 members of GATT up to 50% now, and eventually eliminating them entirely. Such cuts would enable...
Right now, Rumania is being the most "Gaullist" in its efforts to set a na tional course of its own. After signing a trade agreement with the U.S., Bucharest sent representatives to Geneva last week, inquiring about the possibility of membership not only in the West-sponsored GATT trade organization but in Washington's World Bank and International Monetary Fund as well. Reportedly the Hungarians and Bulgarians put out similar feelers. In Geneva, two Rumanian envoys made contact with Common Market bureaucrats, but dropped a scheduled "working lunch" when word leaked out prematurely...
...that GATT. Failure of the U.N. conference to produce a quick cure for trade deficits only strengthened the 62-nation General Agreement on Tariffs and Trade (GATT), the single permanent machinery for lowering barriers and expanding trade. GATT carries the hopes of industrial nations for freer trade, but is by no means ignoring less developed ones. In the continuing "Kennedy Round" of negotiations, GATT ministers aim for 50% across-the-board tariff cuts that would be extended to underdeveloped countries on a nonreciprocal basis...
...most important tariff-cutting meeting in the history of world trade, but it began with the style and promise of a shotgun wedding. As 300 delegates from 66 nations gathered in Geneva last week for the long-awaited trade talks under the General Agreement on Tariff and Trade (GATT)- labeled the Kennedy Round because the late President gave them impetus -the air was heavy with torpor and reluctance. After more than a year of preliminary parleys that tried to lay a groundwork on which the conference could proceed, all the delegates had really agreed on was that they still have...
Even the setting was unsettling. Because the United Nations trade conference had pre-empted the grandiose Palais des Nations, the GATT delegates had to forgo the peacock lawns and lakeside vistas to meet amid six scraggly potted palms in the salon of the Batiment Electoral, where the Swiss hold cantonal elections. On a floor below, the brass band of the Geneva Landwehr could be heard holding its rehearsals. The remarks of Chief U.S. Negotiator Christian A. Herter were punctuated by the faint oom-pah-pahs of the Landwehr as he warned: "The longer we procrastinate in setting the formulas...