Foreign Economic Policy

Archive Report

Congress and Foreign Economic Polifcy

Key Position of Congress in World Trade Picture

Action at Geneva within the next four or five months, and at Washington within the next 15 months, will determine whether or not the principal trading nations of the world are to embark on a new and unprecedented era of economic collaboration. Substantial progress toward that objective will be recorded if the 18-nation conference scheduled to meet in Switzerland on Apr. 10 accomplishes its two assigned tasks: (1) To negotiate a multilateral reciprocal trade agreement and (2) to complete the draft charter of an International Trade Organization. However, the effective final decision on the shape of future international trade relationships will be made by the Congress of the United States.

Tariff concessions which the ...

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