GATT: Put Up Or Shut Up

A Gatt Agreement, After Seven Long Years of Talk and Countless Delays, Would Lower Prices and Create Jobs

No wonder they call it the General Agreement to Talk and Talk. U.S. Trade Representative Mickey Kantor and his European Community counterpart, Sir Leon Brittan, met in Brussels last week to wrap up their end of world trade negotiations that have been dragging on for seven years -- and wound up haggling for 23 consecutive hours. They emerged, drawn and weary, without an agreement in hand -- the final holdup was over movies and aircraft subsidies -- and flew to Geneva for yet more discussions.

This week, three years after the so-called Uruguay Round of the General Agreement on Tariffs and...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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