GENEVA : Deadline Looms
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Trade ministers from 116 nations are racing toward a Wednesday deadline expected to climax, for better or worse, seven years of negotiations aimed at sharply boosting world trade.
Heading into today, the United States and the European Community--chief adversaries in hammering out a new General Agreement on Tariffs and Trade--remained divided over several contentious issues, including trade in aircraft, ships and movies.
Wednesday is the last day that President Clinton has congressional authorization to submit a trade agreement for a simple up-or-down vote. Any subsequent accord would be subject to amendment--probably unacceptable to U.S. trading partners.
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