Concessions (that is, permission to retain trade barriers) were sought and granted in successive negotiating rounds of the General AgreementonTariffsandTrade.
It was embodied in organizations such as the United Nations and the International Monetary Fund and in treaties such as the General AgreementonTariffsandTrade.
The General AgreementonTariffsandTrade (GATT), which makes no mention of tobacco, states that free trade should not interfere with a country's right to protect public health.
The Center for Security Policy noted today that the United States has officially dropped its major precondition concerning Soviet observer status in the General AgreementonTariffsandTrade (GATT).
To prevent a repeat of 1930s beggar-thy-neighbor protectionism, governments yielded significant powers over trade policy to supranational bodies such at the World Trade Organization (previously the General AgreementonTariffsandTrade) and the European Union.
Repudiation of the Bush Administration's recent concession to Moscow whereby the Soviet Union can obtain observer status in the General AgreementonTariffsandTrade (GATT) even before the Kremlin adopts price reform and other market practices needed to make its economy more compatible with the GATT system.
The Bush Administration should at once repudiate its recent concession to Moscow which would permit the Soviet Union to obtain observer status in the General AgreementonTariffsandTrade (GATT) before the Kremlin adopts price reform and other market practices needed to make its economy more compatible with the GATT system.