International Trade Organization

Extract

By April 1949 Australia had ratified the ITO Charter, contingent on its being put into effect by the United States and the United Kingdom. Other countries were awaiting action by the United States, where President Truman was about to submit the Charter to the Congress for decision. With the acceptance of the Havana Charter by twenty countries necessary for the creation of ITO, Eric Wyndham White, Executive Secretary of the Interim Commission, stressed the importance of bringing ITO into being without delay. He described the organization as essentially a business-like approach towards the reduction of trade barriers and the expansion of trade on a multilateral, permanent basis.