This new GATT accord lowers tariffs and expands free trade around the world.
The fast-track approach already applies to the GATT accord.
This provision is supposed to be integrated into a final GATT accord.
We will ask Congress to ratify the new GATT accord.
Many believe, however, that the recent GATT accord rendered the first-to-invent issue irrelevant.
The Government should soon be able to point out the advantages that a possible GATT accord will bring to the French economy as a whole.
The GATT accord will remove or lower many tariffs on imported products.
All agreed that a new GATT accord, opening markets to international trade, would be a major stimulus to the global economy.
"It is my hope that the differences with the Administration over the GATT accord can be resolved soon," he said.
Like previous agreements, the latest GATT accord will also remove tariffs and other trade barriers.