Valenti opposes GAAT text.The GAAT (General Agreement on Trade and Tariffs), as currently proposed "is an arrow aimed straight at the heart of the U.S. motion picture industry. We cannot support - and - we will actively oppose the agreement if placed before the Congress in its present form." That was the reaction of Jack Valenti, president of the Motion Picture Association, to the texts on Services and Intellectual Property in the context of the Uruguay Round
The World Trade Organization conducts negotiations through what are called rounds. trade negotiations. The text is "fatally fa·tal·ly adv. 1. So as to cause death; mortally: fatally injured. 2. So as to result in disaster or ruin. 3. According to the decree of fate; inevitably. Adv. 1. flawed," commented Valenti, adding that the current language would "condone condone v. 1) to forgive, support, and/or overlook moral or legal failures of another without protest, with the result that it appears that such breaches of moral or legal duties are acceptable. television quotas and other trade restrictions A trade restriction is an artificial restriction on the trade of goods between two countries. It is the result of protectionism. However, the term is not uncontroversial since what one part may see as a trade restriction another may see as a way to protect consumers from inferior, ." Therefore, he added, "it is unacceptable to us." |
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