ABSTRACT
In the 1962 to 1972 period, the GATT emerged from its small club-like atmosphere and gradually became a much larger and more diverse international organisation. Thus, the number of countries participating in GATT multilateral trade negotiations increased from 26 in the 1960-61 Dillon Round to 62 in the 1964-67 Kennedy Round. This chapter discusses considerable space to the role of the OECD and the UNCTAD during the 1962 to 1972 period. Each OECD country has an export credit agency that "functions as a public or semipublic bank, borrowing from the treasury or public capital markets and using the funds to finance exports". The chapter outlines two trade-related areas in which the OECD had a prominent role in the 1962 to 1972 period: export credits and government procurement. Among the members of the OECD, the United States and the EC countries emerged as the most important actors in the GATT Kennedy Round.
