Action on Geneva Negotiations
Carter's Notice to Congress of New Pact
Five years of tough bargaining over the future of the world trade system appears to be drawing to a close. Representatives of the 98 non-communist countries participating in the Multilateral Trade Negotiations (MTN) in Geneva have reached agreement on nearly all outstanding issues. Members of the U.S. negotiating team say they expect to have the entire package of accords “wrapped up” by mid-February.
Anticipating a successful outcome at Geneva, President Carter on Jan. 4 notified the incoming 96th Congress of his intent to sign the package of eight agreements on lowering non-tariff barriers and four agreements on farm trade, tied to an across-the-board cut in tariffs averaging 35 percent. His letter of intent, required by the ...