if economic conditions do not permit their completion and
also on the need for there to be a parallel understanding
on safeguards enabling contracting parties to take action
against disruptive competition from particular countries.
On the US part the main reservation contains the need to
ensure that there is also progress on agriculture.
с
There has so far been no discussion about the treatment
of exceptions. This matter is expected to be discussed
only after agreement is reached on the tariff reducing
formula itself.
d
There is agreement that certain topics in the non-tariff
area are suitable for consideration on the basis of
codes which the principal parties to the negotiations
would sign. The two which have already been much
discussed internationally concern government procurement
and standards. On neither of these however are we close
to agreement. A further such topic is customs valuation
on which the Community has submitted a suggested text.
Other topics which may be able to be dealt with in this
way are countervailing (in order to enable the
United States to move into line with the practice of other
countries), subsidies (which the US are likely to insist
should be linked with countervailing and probably dealt with along
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