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Jumpstarting GATT

Bhagwati, Jagdish N.

Details the breakdown of the Uruguay Round of talks aimed at redesigning the General Agreement on Tariffs and Trade (GATT) and considers the three strategy options the Bush administration currently has: inaction, threats and incentives. GATT's rewards; Extension of a fix-rule trading regime to a new set of sectors and bringing discipline to older economic sectors; The cost of failure.

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Foreign Policy

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Economics
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February 26, 2013