Progress in GATT Negotiations

GAO provided information on the progress of agricultural trade negotiations under the General Agreement on Tariffs and Trade (GATT). GAO found that: (1) although the GATT parties accepted the proposed GATT agreement as the basis for further negotiations, they were unable to reach final agreement by April 1992, as planned; (2) the GATT parties agreed to proceed with negotiations that included submitting detailed reduction commitment schedules; (3) the European Community's (EC) member states have been negotiating among themselves to reform the EC Common Agriculture Policy; and (4) a final GATT agreement will depend primarily on resolving the outstanding political differences between the United States, as well as other supporters of the proposed agreement, and EC, over agriculture.