Word: agreements
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Dates: during 1940-1949
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...final treaty would also include economic clauses. France and Italy have been discussing plans for a customs union for five months, will soon sign an agreement on economic cooperation. The Benelux countries have already set up a common customs system. But Britain, staking her economic future on imperial arrangements in the Commonwealth and Empire, has held back from economic merger with continental countries...
...West (the U.S., Britain and France) began the conference with a sensible and long-delayed step-admission of the Little Three (Belgium, The Netherlands, Luxemburg). The Benelux countries depend so closely on German industry that they insisted on a settlement. France yielded along the logical lines of compromise. The agreement in principle looks toward a Ruhr that will be politically part of Germany, but an international control of its economy will see that its products are available for Western Europe's needs...
...should the world's wheat be distributed-and at what price? In Washington last week, after more than a year of dickering, the 36-nation International Wheat Council (notably unrepresented: Russia and Argentina) had an answer. It announced "the first practical international agreement" on wheat distribution...
Under the agreement, the 33 importing nations in the group will buy at least 500,000,000 bushels a year for the next five years from Canada, the U.S. and Australia. Canada will supply 46% of it, the U.S. 37%, Australia the rest. Maximum price will be $2 a bushel. The minimum will be $1.50 the first year, will then drop 10? a year...
Delegates hailed the agreement with such high-sounding phrases as "the first multilateral long-term contract in history." But a wheat agreement had been signed by 22 nations in 1933, and had proved unworkable. Besides, this one was not yet a contract. Before it becomes one, it must be approved by Congress and the other governments concerned. And as long as wheat remains high (current cash price: around $2.50 a bushel), the U.S. farm bloc will bitterly fight any attempt to put it under a $2 ceiling...