Word: gattes
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...many another nation pulled down its barriers to trade. West Germany made a record number of deals with Scandinavian countries to exchange machinery for farm products. Japan, which has been blackballed by the British Commonwealth and other nations, was permitted for the first time to take part in the GATT negotiations. Europe's high-tariff small nations consented to unprecedented reductions; e.g., Italy cut tariffs about 12% on imports from Austria...
...Washington in 1953 after 40 years with the First Trust Co. of Lincoln, the last seven as president, he took charge of international economic affairs for the State Department, became a vocal and effective champion of freer trade. Traveling thousands of miles in 28 months, Waugh helped write the GATT agreements in Geneva, campaigned for Japan's admission and finally won. Back home, Waugh carried much of the Administration's load during the congressional hearing on renewal of the Trade Agreements Act, had the satisfaction of seeing it go through after a hard fight...
...Geneva this week, representatives of 26 of the 35 nations adhering to GATT (General Agreement on Tariffs and Trade) were in the midst of their fourth attempt since the end of World War II to arrange, mutual tariff reductions. Despite lip service to freer trade, most of the GATT nations cling to their barriers. Undiscouraged, President Eisenhower last week forwarded to congressional leaders a memorandum declaring that it was "absolutely essential" that the U.S. join the Organization for Trade Cooperation. (The OTC, if it ever becomes a reality, will act as a permanent administrative body to enforce agreements...
...Clark of Neenah, Wis. in 1937 as financial vice president, became its president in 1942. chairman in 1953, and quadrupled the corporation's sales. Parker served the Eisenhower Administration as a member of the Commission on Foreign Economic Policy and as adviser to the U.S. delegation at the GATT negotiations in Geneva last winter. A friend and supporter of Senator Joseph R. McCarthy, Parker told newsmen last week he would not support the Senator as a presidential candidate because McCarthy lacks "sufficient experience...
...France's 10.6%, Italy's 8.4%. Canada, which gets more than 70% of its imports from the U.S., collects 10.2% on all U.S. imports, v. 2.7% collected by the U.S. on Canadian goods. Furthermore, according to a study by the General Agreement on Tariffs and Trade (GATT), the U.S. since 1925 has lowered tariffs on 78 key commodities by an average 38%, while Britain, France, Germany and Italy boosted average rates between...