WORLD TRADE DEAL SEEN AS HARD SELL

WORLD TRADE DEAL SEEN AS HARD SELL

A proposed world trade deal will fail in Congress next year without major changes, a number of key industry leaders told the Senate Finance Committee.

While the Clinton administration was scrambling to get a majority for next week's House vote on the North American Free Trade Agreement, the reaction of these business leaders and committee members indicated that the world trade pact may be a harder sell.Business groups criticizing the draft agreement in the so-called Uruguay Round of talks included customary critics like the steel industry but also key boosters of the round, such as Edmund Pratt, chairman emeritus of pharmaceutical maker Pfizer Inc.

F. William Hawley, a Citibank official, criticized the round's lackluster results on financial services, one of the lynch pins of the deal for the United States.