World Trade: Tribute to Perseverance

A luscious fresco depicting The Triumph of Venus looked down upon a group of delegates from the world's most prosperous nations as they gathered last week at Le Bocage, a lakeside villa in Geneva. The serious beginning of the Kennedy Round, after weeks and months of trial and trouble, was not exactly a triumph of love, but it was certainly a tribute to perseverance.

One by one, the representatives of the Common Market, the U.S., and ten other nations faced Eric Wyndham White, the British executive secretary for the General Agreement on Tariffs and Trade (GATT). One by one,...

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