Word: gattes
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...crowded bars and smoke-filled rooms, politicians hammered out compromises, lined up voting blocs, and kept ears to the ground for reaction from the folks back home. The occasion: the 19th semiannual meeting of the 39 nations that are parties to the General Agreement on Tariffs and Trade (GATT), which has as its aim worldwide liberalization of trade...
...which had 40 negotiators working in relays, dickered for lower duties abroad on U.S. tobacco, foodstuffs and autos. Indian officials haggled over jute, Uruguayans over wheat and wool, Argentines over meat. The measure of GATT's success was that members have already reached agreement on most of the single items capable of being negotiated. Said one official: "It's getting very difficult to squeeze the orange any more." Prodded by the European Common Market countries, GATT was moving from piecemeal agreements toward a "linear" approach, by which nations would negotiate sweeping, across-the-board cuts on all their...
...Under Secretary of State George Ball gave staunch support to linear agreements in place of the nation's present maze of reciprocal trade agreements. GATT-wide adoption of the linear approach would mark the boldest move yet toward free trade in the free world...
During those latter Eisenhower-era years, Douglas Dillon laid down U.S. policy for negotiations under the 38-nation General Agreement on Tariffs and Trade (GATT). He teamed up with the Export-Import Bank and the International Monetary Fund to work out loan deals that eased temporary balance-of-payments problems for Brazil, Colombia, Britain, the Philippines, Chile and India. He took an immense interest in Latin American affairs, represented Ike at last September's Bogota conference, which programed the spending of $500 million in U.S. development grants. Dillon's monument was the Organization for Economic Cooperation and Development...
...nations, all the participants in last week's Washington conference tentatively endorsed the U.S. plan, presumably will help install it as a binding trade agreement at a conference to be held in Geneva next month under the auspices of the 38-member General Agreement on Tariffs and Trade (GATT...