December 16, 1993

The World Trade Agreement Seven years of world trade negotiations were completed under the General Agreement on Tariffs and Trade. [ Page D1. ] Hollywood executives expressed disappointment that a clause ending export restrictions to Europe was not included. [ D1. ] The trade pact is the product of an unusual friendship between the chief European and U.S. negotiators. [ D8. ] President Clinton immediately began pushing for Congressional approval. [ D8. ]

DEAR DIARISTS, Before you jot down your personal thoughts today, you may want to consider this: Are you really sure you want to divulge some of your deepest, darkest secrets, knowing full well they may someday come back to haunt you?

Reviving an employee buyout effort that appeared dead just a month ago, advisers to United Airlines and its pilots' and machinists' unions agreed yesterday on a proposal valued at more than $5 billion to present to the airline's board today. The proposal would give employees at least 53 percent of the company's stock, a stake that could rise to 63 percent if the stock price rose to certain targets within a year after a deal was completed.

117 Nations Complete A World Trade Agreement The long-contested world trade agreement among 117 nations was completed, providing a basis for global economic growth into the 21st century and ending seven years of negotiation on the General Agreement on Tariffs and Trade. Page D1. Former Japan Premier Dies Kakuei Tanaka, the architect of Japan's dominant political system of the last 20 years, was 75. Page B16. Marriage and the Military The Pentagon concluded in a study that marriage in the military is not a threat to national security. Page A23.

For weeks, Hollywood executives had insisted that President Clinton had assured them that American-made movies and television programs were, in the words of leaders here, "a defining issue" and "make or break" in world trade negotiations. Today, a day after the entertainment industry emerged as a big loser in the agreement, industry leaders and others who agreed to speak publicly voiced disappointment but carefully avoided blaming the President for failing to abolish European protections that could potentially hold back the growth of American movies and television programs. Avoiding Short-Sightedness Several executives graciously said it would been financially, politically and diplomatically short-sighted for the Clinton Administration to sacrifice the overall agreement for the sake of Hollywood studios. After all, American studios are making more and more money overseas.