The Kennedy Round trade talks were in a state of crisis tonight (Tuesday), but an official statement declared agreement was still possible.
Building; delegates enter; newsmen.
GV & SV Delegates enter (2 shots)
LV Delegates talk
GV Newsmen (2 shots)
SV & CU Delegates talk outside
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Background: The Kennedy Round trade talks were in a state of crisis tonight (Tuesday), but an official statement declared agreement was still possible. After four years of bargaining by 54 nations, aimed at mutual tariff cuts, the principal protagonists decided to give up the negotiations unless they succeeded by next Sunday (May 14).
The long drawn out talks on agricultural and industrial tariffs have been brought to a halt primarily because of differences between the United States and the European Common Market.
Despite an intensive overnight bargaining session, these two failed to make headway on either of the two main problems facing them - grains and chemicals.
During the day, the chief American negotiator, Mr. William Roth, let it be known that he was ready to quit the talks unless something was done to meet the American demands. But later a U.S. spokes man said both Mr. Roth and his negotiating partner, Mr. W. Michael Blumenthal, would remain in Geneva.
In Washington, the State Department said that Secretary of State Dean Rusk and other Cabinet officials were ready to fly to Geneva if a foreign ministers' meeting were necessary to achieve agreement.
The chief Common Market negotiator, M. Jean Rey, was returning to Brussels tonight to put the position before the Market's Council of Ministers.