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U.S. RETAIL SECTOR IDENTIFIED BY KPMG PEAT MARWICK AS A TOP BENEFICIARY OF 1995 GATT AGREEMENT

 NEW YORK, Dec. 29 /PRNewswire/ -- After seven years of world trade debate, the conclusion of the GATT trade talks is expected to have a positive impact on the U.S. retail industry, according to industry analysts at KPMG Peat Marwick, the world's largest accounting and consulting firm.
 "Over time, most retailers will benefit from GATT as tariffs and quotas covering the manufactured goods they purchase from foreign countries are phased-out," says William Rowe Jr., national director of KPMG Peat Marwick's Retailing Practice.
 KPMG's Rowe adds that as international competition intensifies under GATT, U.S. manufacturers will have to become even more competitive, resulting in a significant improvement in retail leverage.
 "Techological advances such as satellite communication networks, expanded point-of-sale (XPOS) capabilities and international electronic data interchange (EDI) make agreements like GATT inevitable," says Rowe. "At the same time, international trade agreements will undoubtedly boost research and investment in furthering these related technologies."
 KPMG is the global leader in providing accounting and consulting services, with more than 6,000 partners and 73,000 professionals serving clients through more than 1,100 offices in 131 countries. In the United States, KPMG partners and professionals deliver a wide range of assurance, tax, international, and performance improvement services to clients doing business in the following markets: manufacturing, retailing & distribution; financial services, health care & life sciences; information and communications; government services; higher education, research & other not-for-profits; energy; and personal financial planning.
 -0- 12/29/93
 /CONTACT: Katherine Cavanaugh of Dorf & Stanton Communications, 212-420-8100 or 800-223-2121, or Kevin Kelly of KPMG Peat Marwick, 212-909-5108/


CO: KPMG Peat Marwick ST: New York IN: REA SU:

TM -- NY003 -- 7707 12/29/93 08:01 EST
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Publication:PR Newswire
Date:Dec 29, 1993
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