Academic journal article Journal of Accountancy

Companies Unsure of GATT, NAFTA Impact on U.S. Business

Academic journal article Journal of Accountancy

Companies Unsure of GATT, NAFTA Impact on U.S. Business

Article excerpt

U.S. corporate controllers were split on the question of whether the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA) would have an impact on their businesses in the next year, according to a survey conducted by the Institute of Management Accountants.

Forty-seven percent of the approximately 460 respondents thought their companies would not be affected. Most of the remainder said they would, with only 7% expecting the impact to be negative.

Half the companies that already operated overseas were planning to expand their international business in the next 12 months, the controllers reported, and 3% of them said that while their companies had no expansion plans, they thought they should. Thirty-seven percent of those doing business overseas were not planning further international expansion. Of the strictly domestic companies, only 14% had plans to go after overseas business, although another 13% either thought they should or were uncertain.

"These findings suggest a wait-and-see attitude," said Susan L. …

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