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General Agreement Trade

In the long term, the initial GATT conferences helped lay a solid foundation for the global economy, improving the livelihoods of hundreds of millions of people around the world. The sixth round of GATT multilateral trade negotiations, which ran from 1964 to 1967. It is named after U.S. President John F. Kennedy, in recognition of his support for the reformulation of the U.S. trade agenda, which led to the Trade Expansion Act of 1962. This law gave the president the broadest bargaining power ever. The provision of many services often involves the simultaneous physical presence of the producer and the consumer. There are therefore many cases where, in order to be economically viable, commercial obligations must extend to the cross-border movements of the consumer, the establishment of a commercial presence in a market or the temporary movement of the service provider. . . .