After more than two years of knocking at the door of GATT (General Agreement on Tariffs and Trade), Japan was invited in. The invitation extended last week represented months of hard negotiation by the U.S., which had to prevail over the fears of several nations (notably Britain, France, Australia) that Japan's admission would loose a flood of cheap Japanese goods on the world. The U.S. argument is that Japan must have the trading opportunities of GATT to counter the economic blandishments of Moscow and Peking.
Before Japan can cross the threshold to full membership,...
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