According to the World Book Encyclopedia — 1972…
"The GATT is "an international agreement to reduce trade barriers among member countries. The GATT is really a code of conduct to which members [nations] called contracting parties, subscribe. Since the first nations signed the agreement in 1947, it has become the chief international agreement on world trade. The GATT deals with a wide range of commercial policies. Contracting parties meet from time to time to negotiate the removal of barriers to international trade. The parties also review complaints of GATT rules violations.
"These meetings have reduced tariffs and other trade obstacles on thousands of products. GATT rules specify that a party granting a trade advantage to one country must grant the same advantage to all contracting parties. The rules also limit the use of import quotas and other restrictions to the flow of goods among GATT nations. The GATT also grants special privileges to 'developing nations' without requiring these nations to obey all GATT rules.
"By the early '70's, about 80 countries had signed GATT agreements. Several other countries had applied for membership or participated in the agreement in some manner. Contracting parties hold business sessions at least once a year. Most decisions are made by a simple majority vote. Each country has one vote. A council of representatives elected by GATT members deals with urgent work between sessions.
"The GATT secretariat consists of international trade specialists and an administrative staff. Tariff conferences and sessions are usually held at GATT headquarters [in secret?] in Geneva, Switzerland."
[Note: We're told the GATT agreement as of today [11-94] consists of 36,000 pages. Does anyone in this world know what's in it? …even the International World Socialist bureaucrats in the U.N. and their think tank theoreticians who've supervised the writing of the "agreement"?]
United Nations Declaration on the Establishment of a New International Economic Order — 1974
Following are excerpts from the UN declaration adopted at its 2229th plenary meeting - 1 May 1974. This picks up where World Book leaves off, giving us a clear understanding of why we have experienced the decline in job availability, wages and the standard of living in America and other developed [their word] countries in the past 20 years. All emphasis is ours. The implementation of this declaration accelerated the destruction of middle classes around the globe. GATT will finish us off. Please read this section carefully.
"We, the Members of the United Nations, [including America] Having convened a special session of the General Assembly to study for the first time the problems of raw materials and development,Devoted to the considerations of the most important economic problems facing the world community,Bearing in mind the spirit, purposes and principles of the Charter of the United Nations to promote the economic advancement and social progress of all peoples,Solemnly proclaim our united determination to work urgently for THE ESTABLISHMENT OF A NEW INTERNATIONAL ECONOMIC ORDER based on equity, sovereign equality, interdependence, common interest and cooperation among all States, irrespective of their [our] economic and social systems which shall correct inequalities and redress existing injustices, make it possible to eliminate the widening gap between the developed [America] and the developing countries and ensure steadily accelerating economic and social development and peace and justice for present and future generations, and, to that end, declare:...""1. The greatest and most significant achievement during the last decades has been the independence from alien domination of a large number of peoples and nations which has enabled them to become members of the community of free peoples...."
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