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GATT winds up with weak pledge on protectionism

By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World, Edited By Linda Feldmann / November 29, 1982


The conference of the General Agreement on Tariffs and Trade (GATT) talks ended Sunday with foreign trade ministers able to agree on little more than a diluted pledge to resist protectionist pressures.

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The meeting was to have closed Saturday but was extended because of deep differences mainly involving the US and the European Common Market. The ministers failed to get a sweeping commitment to fight protectionism and work on lowering existing trade barriers, especially in agriculture. Third-world countries also criticized the US for what many considered ill-timed demands for commitments on trade liberalization.