Approaching U.N. Conference on Trade
Future patterns of world trade, and the volume of international exchanges, may be determined to an important extent by the work done at two conferences of global dimensions soon to get under way. A United Nations Conference on Trade and Development, attended by representatives of nearly every country, is to open in Geneva on March 23.1 Six weeks later, on May 4, the long-awaited “Kennedy round” of tariff negotiations among member countries of the General Agreement on Tariffs and Trade will begin in the same city. The business of both parleys will include proposals aimed to improve the trading position of underdeveloped countries. To that end, the United Nations conference is expected to urge establishment of a universal trade organization, ...