Dr. Ispahani to deliver speech on GATT

by Jennifer Gross
Staff Writer

Dr. Ahmed Ispahani, professor of business administration and economics, has been invited by the government of the United Arab Emirates to give a presentation on GATT, the General Agree­ment on Tariffs and Trade, on Nov. 28.

Dr. Ispahani, along with Dr. Taba Al-Sabea, professor of economics at Cal Poly Pomona, and Mohammed Saleem, former director of GATT, will travel to the U.A.E. capital of Abu Dhabi to give a presentation entitled “The Impact of GATT on the Economics of Indus­trialized Countries and the World Economy.” The presentation will also discuss the advantages of GATT.

The presentation will show the U.A.E. government the impact this agreement will have on its economy.

GATT is one of the agencies of the United Nations and was established in 1947. There are 123 countries belonging to GATT, which has sponsored major sets of negotiations referred to as “rounds.” These are associated with the continuing process of bringing down tariffs and other restrictions associated with international trade.

Some major rounds have been the Kennedy Round of 1964-67, the Tokyo Round of 1973-79, and the Uruguay Round which was started in 1986 and was completed in 1993.

“The Uruguay Round is the most far-reaching global agreement in history,” said Dr. Ispahani. “It is a solid agreement that will help raise living standards in the United States and around the world.”

According to Dr. Ispahani, the 22,000-page agreement would reduce trade barriers and give the United States market access to export to other countries through the reduction and/or elimination of tariff and non-tariff barriers.

According to the Inland Valley Daily Bulletin, the U.S. House of Representatives is expected to vote on the trade treaty on Nov. 29, with a U.S. Senate vote expected on Dec. 1.

This is not the first time Dr. Ispahani has spoken in Abu Dhabi. In the past, he gave a presentation entitled “The State of the World Economy.”

“The U.A.E. government has a lot of investments in many countries,” said Dr. Ispahani. “Any changes or new laws will affect their level of investment.”

Dr. Ispahani has been with ULV since 1964. He received his master’s of arts and doctorate of philosophy in economics from USC.

Jennifer Gross
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