Word: nontariff
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Dates: during 1980-1989
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...staged seven epic rounds of trade talks, the most recent one dragging on from 1973 to 1979. The negotiations brought substantial reductions in tariffs, but GATT members thought it was time for another round. Reason: too many countries have circumvented the group's rules by raising a thicket of nontariff barriers, including import quotas, product standards and other obstacles to free trade. Said Leopoldo Tettamanti, the Argentine delegate to GATT: "We are in a mess...
...liberalization is not good," but added, "The surprise is that it is not worse." He noted that the volume of world trade is expected to grow at least 4% to 5% this year. That is a mild increase over 1985, but only half the 1984 rate. Brittan singled out nontariff barriers to trade, like voluntary quotas, as particular villains in that sluggishness...
Since coming to power last November, Prime Minister Yasuhiro Nakasone has improved the diplomatic climate substantially. Before his first state visit to Washington in January, his government pointedly announced several tariff cuts and the easing of nontariff barriers. Nakasone also expressed a willingness to bolster Japan's defense role in the Pacific...
...Washington. His willingness to make the trip scarcely eight weeks after he had assumed office was interpreted as a sign that the Japanese are anxious to preserve their 30-year friendship with the U.S. Two weeks ago, in preparation for the Prime Minister's tour, his government reduced nontariff barriers on a number of relatively unimportant U.S. imports. Nakasone also moved decisively to ease tensions over defense policy. He inserted a modest increase in defense spending into his otherwise austere national budget, and he ended a 15-year ban on Japan's sharing its military technology with...
...liberalizing measures, the third in 13 months. It included tariff cuts on such items as tobacco products, chocolate and biscuits. The measures will do little to shrink Japan's huge (estimated $17.5 billion for 1982) trade surplus with the U.S., but Nakasone has promised a review of such nontariff barriers as complex customs requirements and byzantine distribution systems...