Trade Must Be Anchor of US Foreign Policy Latest GATT Agreement Represents a Firm Foundation on Which Nations Can Build a New International Order
Howard Fenton. Howard Fenton is a professor of law at the Pettit School of Law , and a. member of the dispute resolutions board Free Trade Agreement., The Christian Science Monitor
THE prospect that consensus for passage of the Uruguay Round GATT agreement could rapidly deteriorate into a NAFTA-esque brawl is bad news for the United States. While politicians, diplomats, and columnists search for a new global view to shape our foreign policy around, they are treating the General Agreement on Tariffs and Trade as another piece of log-rolling, pork-barrel legislation. This is like treating the Marshall Plan as a farm subsidy bill, or the United Nations Charter as a highway construction appropriation.
International trade policy must be the new foreign policy of the US. Trade relations and global economics are transforming nations around the globe today and reordering our world view. Since World War II the US has promoted the liberal trading system that has propelled almost 50 years of growth, yet our trade policy has gone largely unnoticed. There were two reasons: Our real foreign policy was opposing the Soviet Union; and world trade had little effect on our economy.
But the communist threat is gone, and our economy now feels the impact of aggressive foreign economies and needs their growing markets. The dispassionate, often bipartisan way with which we have historically approached foreign-policy issues should now be our approach to trade policy. The Uruguay Round agreement and the creation of the World Trade Organization should be the bold framework not only for economic growth but for world peace and improved human rights. In short, this agreement should be the basis of our foreign policy for the 21st century.
Instead, our political leaders and pundits are trying to divine broad objectives for our new foreign policy from such trouble spots as Haiti, Bosnia, Somalia, and North Korea. Enfeebled Russian feints at former Soviet possessions give new life to policy-bankrupt cold warriors fighting rear-guard actions over Vietnam and Cuba. The world is full of conflicts, but few have global implications, and many are frustratingly intractable.
While we must continue our efforts to resolve these conflicts, they should not be the focus of our foreign policy. Trade policy ought to be the centerpiece of our new global vision.
The 1994 GATT accord is not a treaty, which would need approval only by the Senate. It is a huge piece of legislation, amending a diversity of US laws, that reflects an agreement among more that 100 nations. Unlike other bills, it cannot be amended once the president sends it to Congress. This "fast track" authority - a reminder of the days when trade policy was relatively low profile - is essential for an agreement entered into by so many …
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Publication information: Article title: Trade Must Be Anchor of US Foreign Policy Latest GATT Agreement Represents a Firm Foundation on Which Nations Can Build a New International Order. Contributors: Howard Fenton. Howard Fenton is a professor of law at the Pettit School of Law , and a. member of the dispute resolutions board Free Trade Agreement. - Author. Newspaper title: The Christian Science Monitor. Publication date: May 17, 1994. Page number: 19. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
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