GATT: SHOULD WE CARE?

So it finally happened: The U.S. Congress last week put to rest months of political wrangling by passing the General Agreement on Tariffs and Trade Uruguay Round implementing bill. The measure, described as the biggest free-trade pact in history, slashes tariffs and quotas worldwide.Those are the facts of the matter, but since there is no evident provision in the bill that directly affects food retailing

So it finally happened: The U.S. Congress last week put to rest months of political wrangling by passing the General Agreement on Tariffs and Trade Uruguay Round implementing bill. The measure, described as the biggest free-trade pact in history, slashes tariffs and quotas worldwide.

Those are the facts of the matter, but since there is no evident provision in the bill that directly affects food retailing or wholesaling, should the selling side of the food trade care much about GATT?<

Register to view the full article

test - Advanced Registered User

Already a member? .