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Facts Forum News, Vol. 5, No. 2, February 1956
File 041
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Facts Forum. Facts Forum News, Vol. 5, No. 2, February 1956 - File 041. 1956-02. University of Houston Libraries. University of Houston Digital Library. Web. December 3, 2020. https://digital.lib.uh.edu/collection/1352973/item/909/show/880.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1956-02). Facts Forum News, Vol. 5, No. 2, February 1956 - File 041. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/909/show/880

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 5, No. 2, February 1956 - File 041, 1956-02, Facts Forum News, 1955-1956, University of Houston Libraries, accessed December 3, 2020, https://digital.lib.uh.edu/collection/1352973/item/909/show/880.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 5, No. 2, February 1956
Alternate Title Facts Forum News, Vol. V, No. 2, February 1956
Series Title Facts Forum News
Creator
  • Facts Forum
Publisher Facts Forum
Date February 1956
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 5 1956; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 041
Transcript Hon. Jere Cooper (D-Tenn.), Chairman of the Ways and Means Committee, has assured the President that H.R. 5550 will come up for consideration very early in the 2nd Session of the 84th Congress. V TES ed to tie Com' le administnv 1 Trade. / Representor Organization for Trade Cooperation t International Trade Organization * OTC Offspring of the ITO t of 1930, »' ts), is hereby following ne* ' * Against OTC authorized to the Organize he Agreeme»' drawn up W Bent on Tariff* for accepti""* led *' was hatched out iii the ninth session of GATT "eld in Geneva late in 1954 and early 1955. It is the result j ot a revision of the General Agreement. The OTC was J Revised to take over the administration of GATT. , "Why was a new name necessary? Why was the title ■ jnternational Trade Organization' dropped? Was it done deliberately as an act of concealment? Was it so that the Public would riot recognize the character of the new ' organization? Why were the innocent words 'trade coop- I eration' bestowed on an organization that is designed ' consciously through built-in mechanisms to evolve into ' dn lnternational trade-governing body?" Ihe above statements and questions are those of u- R. Strackbein, Chairman of the Nation-Wide Com- ' iinttee of Industry, Agriculture and Labor on Import- F*POrt Policy, published in his treatise on tariffs and trade, entitled ITO, GATT and OTC, The Grand Goal of ement refcrrf I the Free-Trade Cabal . . Mr. Strackbein states below llls views on: NEW ISSUES ON THE TARIFF FRONT IN THE long course of American tariff history, the treatment of the tariff, including the manner of changing particular rates and administering the law, ave taken new turns from time to time. For more than a century Congress itself wrote or revised t\,~ ..„_.-rx • i • _ ...,.1, _i ««„ ,<,.-.,lie TIip i appropna y for the \*T ,f the expend i as determine be necessary i by the Unit"1 tion for Ti"'" d States repf" mates, and »F he civil-s.'^"* ded; t9, as amen, authorize11 ' H6{5V.S-C' j he Secretory n hy the XlM ised the tariff in keeping with election results. The ctual work of revision was done principally in the Ways and Means Committee of the House and the Finance Committee of the Senate. I' Frorn 1910 on, the need for an expert commission to v'se Congress on the technical aspects of the tariff x% as recognized and such a board was set up in the Taft JjMministration. It was, however, not until 1922 that the ■a lit Commission was given authority to recommend to In C ^'res'c'cnt actual changes in rates. This was made l> .hie by the delegation of power by Congress to the esldent Such a delegation was necessary since Con- (Continued on Next Page) Facts Forum News, February, 1956 General Agreement on Tariffs and Trade THE OTC n and Its Relation to the GATT For OTC Reprinted from TRADE TALK, a Special Supplement issued on Organization for Trade Cooperation, published by the Committee for a National Trade Policy. ON MARCH 21, 1955, Assistant Secretary of State Samuel C. Waugh signed, on behalf of the United States, several documents which represented the results of a thoroughgoing review of the General Agreement on Tariffs and Trade. This review had a dual purpose: first, to simplify and strengthen the "trade rules" of the General Agreement and secondly, to provide permanent machinery for its administration. This latter was accomplished by the agreement establishing the Organization for Trade Cooperation, which Mr. Waugh signed subject to the concurrence of Congress. The distinction between the general provisions or "trade rules" of the GATT on the one hand, and the OTC on the other, should be made clear. The General Agreement with its trade rules has the same status as any of the bilateral agreements entered into since 1934 under the authority of the Trade Agreements Act and under that authority it need not be submitted to the Congress for approval. The President, apparently on the basis of a policy decision, is submitting the OTC, the permanent machinery for administration, to the Congress for its approval. As Secretary Dulles stated to the Senate Finance Committee, this is being done for reasons of courtesy and propriety, not because there is any conviction that it is a legal requirement. The General Agreement on Tariffs and Trade is a multilateral agreement, first negotiated in 1947, and now adhered to by 34 nations. The General Agreement has three major functions: (1) It provides a means whereby tariffs may be reduced by reciprocal concessions among the member countries, and other barriers to trade relaxed. The Agreement contains the schedules of rates which have been reduced, or "bound" against increases, (Continued on Next Page) Page 39 vs, Tebru',,[
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