Industry

Meantime, the auto industry's plans to go global get an extra boost as Congress passes GATT (the General Agreement on Tariffs and Trade), which will reduce tariffs around the world by more than $700 billion over the next 10 years, eliminate limits on imports and end the local-content requirements on goods. "GATT has the same benefits as NAFTA, only on a wider basis," says Richard A. Snell, president