To promote trade and innovation, the draft agreement offers new safeguards to owners of intellectual property. It brings trade in services into the GATT for the first time, opening new foreign markets to efficient producers of services in America and Europe. America's ambitious early goals for farm-trade liberalization will not be fully met by the compromise that is now within reach; but even in farming, a half-successful will deliver great benefits. And if this package can be banked, future rounds will be obliged to argue over how much to cut farm protection, not whether-an achievement in itself.