Common Market: A Question of Exceptions

For months, one of the world's brightest hopes in the field of international business has quietly been getting nowhere. The Kennedy Round of tariff-cutting talks* in Geneva, which was envisioned as the first bold step toward a free-trading Atlantic Community, has been hung up by delays and disagreements since its opening in May. The negotiations resumed this week in Geneva, where each nation presented a top-secret list of sensitive and important products that it wishes exempted from the tariff bargaining. Last week, as 45 nations prepared to dispatch their lists to the 19th century Geneva villa where Leo Tolstoy...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!