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WASHINGTON () -- President Bill Clinton and Republican Senate leader Bob Dole announced Wednesday agreement on ratification of the 123-nation world trade agreement.
Dole's support removes a potential barrier and paves the way to expected Senate passage next week of the trade liberalization pact, a new General Agreement on Tariffs and Trade, that Clinton has made a top priority. House approval is also expected before the end of the year.
"We have moved one step closer to gaining broad, bipartisan support for GATT," Clinton said.
Until recently, Dole, who is in line to become Senate majority leader, had insisted on linking the trade accord to a Republican-backed capital gains tax cut. But his appearance with Clinton at the White House sealed a bipartisan approach to the treaty.
Agreement on GATT
24 November 1994
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