373. Editorial Note
The Contracting Parties to the General Agreement on Tariffs and Trade held their 24th session in Geneva, November 9–24, 1967, to review the work of the Kennedy Round and to develop a future program of work. In view of the recent conclusion of the Kennedy Round, they noted that “no new major initiatives for a multilateral and comprehensive move forward” in liberalization of world trade “could reasonably be expected in the near future.” They instituted a Committee on Trade in Industrial Products, instructed the Secretariat to analyze the tariff situation after the Kennedy Round concessions went into effect and to draw up an inventory of nontariff barriers to trade, and agreed to establish an agricultural committee to examine problems in that sector. The Contracting Parties also arrived at numerous conclusions supporting an increase in the trade of developing countries. The Report of the U.S. Delegation was submitted to the Secretary of State by Henry Brodie, Chairman; for text, see American Foreign Policy: Current Documents, 1967, pages 1130–1133.
In the final communiqué, the Contracting Parties stated that the major problems remaining included barriers to trade in industrial products after implementation of Kennedy Round concessions, problems of trade in agricultural products, and the trading problems of the developing countries. (Typescript of the Report of the U.S. Delegation; Department of State, Central Files, FT 4 GATT)