Of foreign trade relations. agrement

We are going to examine: barier

• history and principles of signing the General A g r eliebemraelinzatt ionn

Tariffs and Trade (GATT) r e f o r m e d i n t o f tahveo Wuroerdld t rTeraatdmee Ontrganization

(W nonTdiscriOminato)ry itcnouym

• goals and motives (principles) of the organization of the European

Economic Community — the Common Market

• the US-Canadian Free Trade Agreement reformed into NAFTA*

Warm-up

Before you start reading the unit think and try to answer the following questions:

1. Is economic integration an important means of liberalization of trade: eliminating domestic

trade barriers, the freedom of movement of capital and labour, etc.?

Did the US Reciprocal Trade Agreements Act give rise to the signing of the General Agreement

on Tariffs and Trade (GATT)? What were the goals of signing GATT?

3. What are the main results of signing the US—Canadian Free-Trade Agreement?

Rapid Reading (skimming, scanning, reading for general understanding

Of the basic Text 19.4)

Work in pairs or small groups.

Skim the text quickly to find the cardinal principles GATT was based on.

Use the headings to form a few questions of your own on each section of the text. This will give you

A personal purpose for reading and will help you to read with more attention and understanding.