ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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International Trade-The Slow Round

aw to cover virtually all of international trade except petroleum and its products. The general atmosphereat present is, however, not quite favourable for the success of the talks because of the slowing down of economic activity all over the world and the growing fear of a recession more .serious than any experienced since the war. A booming world economy certainly encourages formulation of ambitious plans for trade liberalisation as happened in 1970 when the Tokyo Round was conceived. But given the present fears of rising unemployment and recession, a number of countries are inclined to go slow with trade liberalisation as domestic pressures get built up in favour of protectionism.

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