Free Trade Is the Issue IN 1947, the U.S. and 23 other free nations banded together in a trade pact called GATT. To many a plain citizen, GATT is nothing but a baffling set of initials. Actually, its meaning is simple. It stands for the General Agreement on Tariffs and Trade and it is the chief instrument for expansion of world trade and the amicable settlement of trade disputes among the 34 nationscontrolling 80% of world tradethat are now members.
GATT was designed to bring order out of a chaotic mass of trade pacts that sprang up after the U.S. Congress passed...
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