General Agreement on Tariffs and Trade

Abstract

The seventeenth session of the contracting parties to the General Agreement on Tariffs and Trade (GATT) was held in Geneva from October 31 to November 19, 1960, under the chairmanship of Mr. Edmundo Penna Barbosa da Silva (Brazil). One of the main items of discussion was regional economic integration, considered in terms of the European Free Trade Association (EFTA), the proposed Latin American free trade area, and the European Economic Community (EEC). Examination of the Stockholm Convention establishing EFTA, begun at the sixteenth session, was resumed, with the contracting parties concluding that the provisions concerning the setting up, within the time limit set forth in the convention, of a free trade area were within the definition of such an area, as contained in Article XXIV of GATT. Delegates felt, however, that there remained some legal and practical issues which could be more fruitfully discussed in the light of experience of the operation of the convention, and thus welcomed the willingness of EFTA members to furnish additional information as the organization evolved. In examining the Montevideo Treaty proposing a Latin American free trade area, delegates reached much the same conclusions. In response to the report on developments within EEC, particularly with regard to tariffs, delegates expressed a desire to receive details on the common agricultural policy of the Community, and raised queries as to the harmful effect of the Community's progressively favorable treatment of the associated territories on the trade of certain outside countries with EEC.