Word: benelux
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Dates: during 1950-1959
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...Franco and Salazar, as for Britain and Scandinavia, the problem was whether they could afford to remain outside the Common Market (a super-customs union of France, West Germany, Italy and Benelux). If Spain and Portugal join, they are likely to be swamped with tariff-free industrial imports, cheaper and better than comparable products of their own; if they stay out, French and Italian farmers and merchants, operating behind the Common Market customs wall, may take away the European markets for such Spanish and Portuguese products as citrus fruits, cork, wine, sardines and pyrite...
Heady Promise. While Ludwig Erhard dreamed of his home-grown Sherman Act, other Europeans had been dreaming even headier dreams. Spurred on by France's Jean Monnet and Belgium's Paul-Henri Spaak, six Western European nations (France, West Germany, Italy and the Benelux countries) early this year finished drawing up treaties to establish both a European Common Market and a European Atomic Energy Community (TIME, March 4). The first of these promised to create within 15 years a single West European market, comparable in size to the continent-wide U.S. market, with free trade within...
...West Germany, France, Italy and the Benelux nations...
...nations in the European community: France, West Germany, Italy, and the Benelux countries, have been asked to ratify, by the close of this year, two treaties which promise to remodel them into a compact industrial unit. An outgrowth of existing West European agreements, the Common Market Treaty plans to eliminate all tariff walls and erect a common rate among its signing nations. To further this common economic endeavor, a second treaty, "Euratom," will set about overhauling Europe's industrial power, replacing by 1967 present coal and oil energy with 15 million kilowatts of unclear power. While the Common Market Treaty...
...France, Italy, West Germany and the Benelux countries...