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The Multi-Tier GATT System

In: The New Economic Nationalism

Author

Listed:
  • Gerard Curzon
  • Victoria Curzon

Abstract

The current round of trade negotiations in Geneva is drawing to an end set by the expiration of the US trade legislation in January 1980. Should it succeed, its contents will be hailed as yet another-alas, perhaps the last! — milestone on the road to trade liberalisation and orderly commercial relations among civilised nations. Our statesmen will congratulate themselves — and expect us to congratulate them too — that they succeeded against all odds, not only in withstanding the rising tide of protectionism, but in actually reducing barriers to international trade in such adverse circumstances. Mixed metaphors (which the tariff question inevitably attracts) will abound. A 30–40 per cent cut in industrial tariffs is, after all, a considerable achievement at the best of times, and is quite remarkable in the depths of an economic recession.

Suggested Citation

  • Gerard Curzon & Victoria Curzon, 1980. "The Multi-Tier GATT System," Palgrave Macmillan Books, in: Otto Hieronymi (ed.), The New Economic Nationalism, chapter 8, pages 137-147, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04527-3_9
    DOI: 10.1007/978-1-349-04527-3_9
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