Finance Ministers and top economic experts from 98 countries are holding a three-day conference in Tokyo, Japan, on the General Agreement on Tariffs and Trade (GATT).
GV Prince Hotel
SV Sign "Gatt Ministerial Meeting"
CU INT. "Australia" Zoom out to Australian Delegates
Delegates in Conference Room
SV Italian Delegates
SV United States Delegates
United Kingdom Delegates
SV Congo Delegates
SV Nigerian delegates
SV Jordanian Delegates
GV Zoom in Tanaka begins speech
GV Delegates listening (2 shots)
SV Pan leaders of the talks at head table
SCU Delegates listening
GV Delegates applaud
Initials AE/19.47 AE/21.02
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Background: Finance Ministers and top economic experts from 98 countries are holding a three-day conference in Tokyo, Japan, on the General Agreement on Tariffs and Trade (GATT). The meeting which opened on Wednesday (12 September) has been described as the world's most ambitious attempt to remove trade barriers. It is designed to give the green light for two years of intricate negotiations in Geneva on liberalising world trade.
More than 600 delegates attended the opening ceremonies. They heard Japan's Prime Minister Mr. Kakuei Tanaka call for "a new and bold initiative for world prosperity and peace, "thorough expansion of trade. He urged the developed countries to share their wealth with the emerging nations.
After the speech, the Conference went into closed session, to work out a basis for negotiations. The major obstacle to starting the Geneva talks was a disagreement among the richer and poorer members of the group of developing countries. But the difference is reported to have been resolved behind closed doors and a final declaration has been drafted.
GATT, which was founded in 1947, has contributed greatly to the lowering of trade barriers around the world. One aim of the new round of talks will be to secure additional benefits for the developing countries.