New GATT faces difficult implementation test. (General Agreement on Tariffs and Trade) From: Purchasing | Date: September 8, 1994| Author: Gottlieb, Daniel W. | COPYRIGHT 1994 Reed Business Information. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Unpublicized aspects of General Agreement on Tariffs and Trade (GATT) negotiations included how the lost $13.5 billion of tariff revenue under GATT would be offset and how import access to the US market could potentially be barred through tightening national laws. However, despite these amendments to the original law, GATT has great potential to increase trade. Only actually implementation will show if increased, fair trade results.

With so many interests at stake, Congress treated ...

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