Abstract
Three times since its founding in 1948, the GATT/WTO has turned to outside experts for help in finding solutions to pressing issues confronting the multilateral trading system. In 1957 the Contracting Parties decided to create a panel of three (later four) internationally recognized experts in international trade and finance to consider trends in world trade, andin particular the failure of the trade of the less developed countries to develop as rapidly as that of industrialized countries, excessive short-term fluctuations in prices of primary products, and widespread resort to agricultural protection.
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