Trade Expansion Act

Under the Trade Expansion Acts of 1965 (Pub.L. 87–794, 76 Stat. 872, enacted October 11, 1962, 19 U.S.C. § 1801), the United States Congress granted the White House unprecedented authority to negotiate tariff reductions of up to 80%. It paved the way for the Kennedy Round of General Agreement on Tariffs and Trade ("GATT") negotiations, concluding on June 30, 1967, the last day before expiration of the Act. It is one aspect for which the John F. Kennedy administration wasn't known.


This article is issued from Wikipedia - version of the 10/14/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.