TITLE

GATT AFTER SIX YEARS: AN APPRAISAL

AUTHOR(S)
Gorter, Wytze
PUB. DATE
February 1954
SOURCE
International Organization;Feb54, Vol. 8 Issue 1, p1
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents an appraisal of the General Agreement on Tariffs and Trade (GATT) after six years. To the U.S. GATT is a step consistent with the march along the road to lower trade barriers that began with its adoption of the Reciprocal Trade Agreements Program in 1934. The bargaining sessions under GATT are conducted very much as they were, and are, under the trade agreements program, with the tariff concessions granted and received automatically extended to other members of GATT through application of the most-favored-nation principle. Thus, the U.S. has achieved a wide acceptance, in principle, of the policy of lowering trade barriers as rapidly as is economically and politically possible. In summing up the accomplishments under GATT, two facts are being considered. First, tariffs have been lowered significantly, although much more reduction is in order. Second, GATT has provided excellent arrangements for the interchange of information relevant to international trade policy. This aspect of GATT cannot be overemphasized.
ACCESSION #
15812564

 

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