December 19, 1994 |
GATT Ratified Amid Protests: The Senate ratified the Uruguay Round of the General Agreement on Tariffs and Trade, handing another victory to President Fidel Ramos in his quest to open up the economy. Ending months of acrimonious debate, the 23-member body approved the accord as about 2,000 people staged protests outside the Senate building in Manila. Opponents warned that farmers and industries are not yet ready to meet the heightened competition coming from a flood of imports.
December 15, 1994 |
European Parliament Approves GATT Agreement: The legislative body passed the General Agreement on Tariffs and Trade by a large majority, clearing the way for final ratification of the accord by the European Union. The Parliament "gives its assent to the conclusion of the results of the Uruguay Round," it said in a resolution adopted by 325 votes in favor, 62 against and 12 abstentions.
July 25, 1994 |
GATT Grants Observer Status: The world trade watchdog has granted observer status to Vietnam in a signal of recognition of the advances the once rigidly communist state has made toward an open economy. A spokesman said the Vietnamese application, presented to a meeting of the ruling council of the General Agreement on Tariffs and Trade, was widely welcomed by delegations from the organization's 123 member countries, which includes the United States.
April 1, 1992 |
Canada to Change Rules on Beer Imports: Stores owned or regulated by Canadian provinces will treat imported beer the same as Canadian brands within three years after complaints from U.S. breweries, the government announced. Trade Minister Michael Wilson said the change will comply with a recent international trade ruling against provincial price and distribution regulations, which have made it tough for imported beer to get a foothold in the Canadian market. U.S.