Word: areas
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Dates: during 1950-1959
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...capital. What worries many a U.S. businessman is that it will also be protected by tariffs that discriminate against outsiders, make it harder for U.S. firms to compete in Europe, the biggest market for U.S. exports. The way to compete is to establish plants in the common market area. Says Vice President William H. Mathers of Yale & Towne, which is planning to expand operations in the common market area: "When, the tariff provisions get into full swing, you aren't going to see anything from this country over there...
...common market will get under way Jan. i when the member countries-France, West Germany, Italy, Belgium, Luxembourg and The Netherlands-cut their duties to each other by 10%, the first step toward eventually removing all duties within the area. Hundreds of U.S. firms are already preparing for market opportunities. Ford International opened a special office in Brussels to guide its European operations into the common market. H. J. Heinz bought a Dutch plant to produce its 57 varieties for Europe, and Du Pont is hunting for plants in Holland and Belgium. Other branches or new factories have been...
...European firm. Faced with much stiffer competition in the common market, European manufacturers are eager to get U.S. cash and technical know-how to help them meet it. A U.S. firm, on the other hand, can profit from its European partner's intimate knowledge of his market and area...
Economists hope that the common market will later be joined by a proposed European free-trade area, consisting of the United Kingdom and five other countries outside the common market, to form a community of more than 240 million potential customers. Many U.S. firms are holding back to see if this will happen; they would prefer to get into England under lower tariffs, thus gain access to the Commonwealth trading area as well as the common market. But foreign traders contend that now is the best time for U.S. firms to enter the market area. Says Lawyer Ball: "There...
Life in Britain, in the vision of Novelist Anthony Powell, is a dense forest of decayed and intertwined family trees. This fourth novel of a series he calls The Music of Time explores the latest area of Powell's private park land to be railed...