Question
Read the article and answer the question based on what you read. Please DO NOT PLAGIARISM. 3. Describe how the U.S. started switching towards more
Read the article and answer the question based on what you read. Please DO NOT PLAGIARISM.
3. Describe how the U.S. started switching towards more open free trades in the 1980's.
Article: Since the early 1980s, however, attitudes have changed regarding the balance between preferential trading agreements and multilateral steps toward free trade.The United States had long opposed preferential trading agreements; for example, it had agreed only reluctantly to the Generalized System of Preferences which allow unilateral granting of lower trade barriers for developing countries. However, when a GATT Ministerial meeting in 1982 was adjourned without agreement on a new round of trade negotiations, the U.S. response was to announce that the United States would, henceforth, seek a more open trading system with a "two-track"
approach. On one hand, the United States would continue to seek further multilateral liberalization; on the other, it would join in "GATT-plus" arrangements with like-minded countries that were willing to open up their economies to an extent greater than that agreed to under GATT.
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