• Short Summary

    AN AGREEMENT ON LAUNCHING A NEW MULTI-NATIONAL TRADE NEGOTIATION -- THE KENNEDY ROUND OF TARIFF CUTS -- WAS FINALLY REACHED AT THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT) CONFERENCE IN GENEVA ON TUESDAY.

  • Description

    AN AGREEMENT ON LAUNCHING A NEW MULTI-NATIONAL TRADE NEGOTIATION -- THE KENNEDY ROUND OF TARIFF CUTS -- WAS FINALLY REACHED AT THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT) CONFERENCE IN GENEVA ON TUESDAY.

    DELEGATES ARRIVING FOR THE FINAL PLENARY MEETING OF THE MINISTERIAL COUNCIL INCLUDED DR.ERHARD, THE WEST GERMAN VICE-CHANCELLOR, M.MAURICE BRASSEUR, BELGIAN MINISTER OF EXTERNAL TRADE, MR.ERROLL, BRITAIN'S PRESIDENT OF THE BOARD OF TRADE, HERR HANS SCHAFFNER, SWISS CHAIRMAN OF THE CONFERENCE, MR.CHRISTIAN HERTER FOR THE UNITED STATES, AND M.VALERY D'ESTAING, FRENCH MINISTER OF FINANCE.

    EARLIER THERE HAD APPEARED TO BE A DEADLOCK WHEN THE COMMON MARKET REPRESENTATIVES OBJECTED TO A CAUSE TO PROTECT COMMONWEALTH INTERESTS.

    HOWEVER AFTER HOURS OF TALKS, A COMPROMISE WAS REACHED, AND THE PLENARY SESSION WAS RESUMED AND AGREEMENT REACHED.IT WAS DECIDED THAT THE "KENNEDY ROUND" SHOULD GO AHEAD WHILE THE NEGOTIATING COMMISSION IRONS OUT ANY DIFFERENCES BETWEEN THE COMMON MARKET AND THE UNITED STATES.

    NOW THAT AGREEMENT HAS BEEN REACHED ON THE PROPOSALS, THE NEGOTIATIONS PROPER WILL BEGIN ON MAY 4, NEXT YEAR.IF ALL GOES ACCORDING TO PLAN AT THAT TIME, SUBSTANTIAL TARIFF CUTS OF UP TO 50 PER CENT SHOULD BEGIN TO COME INTO EFFECT IT IS HOPED BY 1965, AND SHOULD BE COMPLETED BY 1970.

  • Tags

  • Data

    Film ID:
    VLVA13XWM2FB8G7ZAT0DMR1EJJ6CB
    Media URN:
    VLVA13XWM2FB8G7ZAT0DMR1EJJ6CB
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    22/05/1963
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:58:00
    Time in/Out:
    /
    Canister:
    N/A

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