Floating exchange rates affect two basic principles of GATT, namely: stability of trade policy conditions and reciprocity of trade concessions. What is the relevance of the changes to foreign trade? What possibilities for surmounting the new problems exist in the realm of external economic...

The United Kingdom will depart from the European Union in March 2019. Numerous open questions remain about details and conditions especially with regard to post-Brexit EU-UK trade relations. In case of a negotiation failure, a "hard Brexit" could cause considerably high costs on both sides of...

The next round of GATT negotiations - the so-called "Nixon Round" - will be opened at the ministerial level in Tokyo on September 12–14, 1973, and probably continue for several years in Geneva. Less developed countries (LDCs) which have not joined GATT but nevertheless wish to participate in...

The developing countries are calling for a "New Economic Order" because they feel that the trading system discriminates against them. Whether GATT will emerge from the present negotiations better adapted to the needs of the Third World remains to be seen.

There is a widespread consensus that trade policy reforms in the successor states of the former Soviet Union in general and in Russia in particular are subject to major obstacles which are larger than in Central and Eastern European transformation countries. The following paper discusses some...

The GATT Conference of Ministers scheduled for November will have to deal with those developments of recent years which have given cause to believe that GATT is increasingly being adapted to the trade practices of its signatories rather than itself serving as their guiding principle. Does such a...