James Grueff **March 27th, 2015
FiledMarch 27th, 2015The International Convention for the Abolition of Import and Export Prohibitions and Restrictions, whose text was negotiated in 1927, is generally considered to have been the first multilateral trade agreement. In the context of its time it can be seen as an impressively ambitious initial attempt to substantially reduce the use of non-tariff trade barriers among the major trading nations of that era. This paper examines why the U.S. attitude toward this agreement was overwhelmingly positive, at least until the lack of sufficient interest on the part of other countries led to the declining status of the accord in the early 1930s. The analysis relies almost exclusively on documents from the late 1920s and early 1930s.