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General Agreement on Tariffs and Trade

presumably expensive sanctions imposed, at the whim of an international body. Many people point out that the NAFTA and WTO decision-makers are not elected by anyone and are thus only responsible to their own organizations. If we do not like the rulings they make, or the sanctions they impose, we have no recourse within the organizations--secession is the only appeal.Leaving the Alphabet Soup BehindThe WTO, GATT, and NAFTA are generally seen to be flawed compromises among various concepts of free trade. They could be scrapped, and "real" unregulated free trade among nations could take their place. On the other extreme, they could be scrapped and America could block imports and largely turn its back on the rest of the world, concentrating on building American wealth and American jobs. The two ends of the spectrum are easy to visualize: it's the murky middle where the greatest problems arise.Virtually no one without a vested interest in the organizations would hold up the WTO or the NAFTA governing body as ideal, but do they threaten the existence of the United States as an independent nation or are they vital to the peace and prosperity of the Free World?Briefing: How Free Shall Our Free Trade Be?The Optimum StrategyThe vote to pursue the current trend toward open trade under multi-country regulations has been viewed by many commentators as a vote to stay in NAFTA (the North American Free Trade Agreement) and to continue our participation in GATT (the General Agreement on Tariffs and Trade) and the newly-formed World Trade Organization (WTO), which was created in the last round of GATT talks in Uruguay.Both NAFTA and GATT have been incorporated into U.S. law in the past five years, over the strident objections of people who feared the famous "giant sucking sound" as corporations moved millions of U.S. jobs to Mexico and Asia. In fact, however, the wholesale migration of jobs has not come to pass. Many individual instances can be cited, bu...

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