Publication Year



tariffs, trade, World Trade Organization, General Agreement on Trade and Tariffs, international relations, economics


Economics | International Economics | International Relations | International Trade Law | Law


Last year United States Vice President Al Gore traveled to Morocco to finalize the General Agreement on Tariffs and Trade's (GATT's) eighth round of trade negotiations, yet another example of economic theory driving foreign policy. After seven years of discussion, the Uruguay Round was completed in December, 1993, to the relief of GATT's trading partners--including the U.S., Japan, and the European Union (EU)--some conflicts remain unsettled. Already there is word of another major round of negotiations to take place in the near future, although for now, many of the world's leaders are simply basking in the glory of the completion of the Uruguay Round.