Bitter Standoff in Montreal: Hopes for a GATT Agreement Fade

Hopes for a GATT agreement fade over farm subsidies

Clayton Yeutter was looking for a strong send-off. The veteran U.S. Trade Representative, whose tenure ends in January, had hoped that last week's trade talks in Montreal would produce significant progress, especially on knotty problems like agricultural subsidies and intellectual property rights. He did not get it. After four days of exhausting round-the-clock negotiations, the talks ended in deadlock on several major issues, forcing a four-month extension of discussions. Said a philosophical Yeutter: "This provides additional opportunities for creative thinking."

The meetings were called as a midterm review of the Uruguay Round of trade negotiations, launched in the beach resort of...

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