NO. 18


Financial and Banking News

Finance Brief

GATT And The Arab Economies: Blessing Or Burden?

Many Arab countries have been slow to appreciate the impact which the GeneralAgreement on Tariffs and Trade (GATT) will have on their economies. Yet thereduction in protective tariffs and the gradual abolition of export subsidieswhich lie at the heart of the agreement portend enormous changes in the terms oftrade for all developing countries and cannot but lead to an...