The Coincidence In Time of The Commemoration of the First World War and the end of the negotiations of the Uruguay round of the GATT Treaty has not only a clear symbolic but also a chastening meaning. Above all, even above its economic significance, it has a political meaning already familiar to the readers of this journal, but which now can and must be fully explained as we look at the 550 pages of text signed by the 117 members of the new World Trade Organization (WTO).
Now, of course, before we take it for granted that everything has been finalized we should realize that, on the one hand, the treaty must be ratified (like the Maastricht Treaty) and that there may be some doubts about President Clinton's power to persuade the irate Hollywood celluloid-makers and about Premier Ministre Balladur's ability to influence unconvinced French farmers that the treaty was such a great French success, not to speak of the reservations of many developing countries.