The issues are aired, and the bargaining begins
"Should we fail, the cost to each of our nations and to the world as a whole will be incalculable. Our markets would close, unemployment would become endemic and governments would fall."
Thus did Robert S. Strauss, Jimmy Carter's chief trade negotiator, size up the importance of last week's Geneva session in the 98-nation trade talks sponsored by the General Agreement on Tariffs and Trade (GATT). Started in Japan more than four years ago to lower international tariff walls, the so-called Tokyo Round talks have proceeded at...
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