GATT Trade Negotiations Coming to a Crunch
David R. Francis, writer of The Christian Science Monitor, The Christian Science Monitor
WHEN the victorious Allied nations set up the International Monetary Fund and the World Bank in 1944 to oversee the postwar economic order, they also planned to create an International Trade Organization with far-reaching powers to regulate international commerce, investment, and commodities.
That plan, killed when the United States Congress refused to join, may now be revived. Canada is proposing a World Trade Organization (WTO) - basically a strengthened General Agreement on Tariffs and Trade (GATT), the organization set up in 1948 to lay down limited rules of international trade.
"It would be much more significant now," notes David Woods, head of information at …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: GATT Trade Negotiations Coming to a Crunch. Contributors: David R. Francis, writer of The Christian Science Monitor - Author. Newspaper title: The Christian Science Monitor. Publication date: May 24, 1990. Page number: 8. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.