Businessweek Archives

Newt Gingrich Begs To Differ


Readers Report

NEWT GINGRICH BEGS TO DIFFER

Your feature "Reality check" (Up Front, May 9) missed several facts about reality in the proposed World Trade Organization.

Fact: The new organization would be one nation one vote, with no veto. Antigua and Macao would equal the U.S.

Fact: Payments would be assessed based on share of world trade. For less than 1% of the vote, the U.S. would pay more than 20% of the budget.

Fact: Vice-President Al Gore at the GATT final session described a World Trade Organization Committee on trade and environment with "broad terms of reference. It has a comprehensive work program. It has a mandate to develop recommendations for necessary change." He also outlined the opportunity for world labor standards to be discussed in the World Trade Organization.

Creating a permanent World Trade Organization and launching new projects on the environment, labor, and in the future on other issues deserves critical scrutiny. It would be sensible to question before we ratify and not rush into a decision we have not explored thoroughly.

Newt Gingrich (R-Ga.)

U.S. House of Representatives

Washington


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus