P.M. BRIEFING : GATT Chief Urges Compromises
GATT Director General Arthur Dunkel, declaring that world trade talks are in crisis, called today for compromises to be reached early in a final ministerial meeting in Brussels next week.
The Uruguay Round of the General Agreement on Tariffs and Trade wound up four years of work in Geneva late Monday by agreeing on a package of draft texts and comments to send to the ministers, but large gaps remain.
“The round is in a crisis, and the negotiators have to get out of this crisis in the first hours and days in Brussels,” Dunkel told a news conference.
Dunkel said differences were so great that negotiators were unable to agree to include texts on three areas in the 391-page package draft--agriculture, anti-dumping measures and trade-distorting conditions on foreign investment.
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