World Trade: A Disappointing Start

It was heralded as the greatest and most important tariff-cutting meeting in the history of world trade, but it began with the style and promise of a shotgun wedding. As 300 delegates from 66 nations gathered in Geneva last week for the long-awaited trade talks under the General Agreement on Tariff and Trade (GATT)— labeled the Kennedy Round because the late President gave them impetus —the air was heavy with torpor and reluctance. After more than a year of preliminary parleys that tried to lay a groundwork on which the conference could...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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