Word: exporters
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Rippon pressed for assurances that New Zealand would be able to export 75% of its dairy products to the EEC. The French objected that the Community's European spirit would be violated by granting special privileges to farmers more than half the globe away...
...Conceivably, the negotiations could have broken down right there. Speculation is that Schumann telephoned Pompidou for instructions and from Paris came the word to work out a compromise. The result was a deal that New Zealand Prime Minister Sir Keith Holyoake immediately accepted. His country will be allowed to export 80% of its present butter sales of 170,000 tons annually to the Common Market for five years, after which the concession will come up for review. Britain can then lobby for an extension. But New Zealand's cheese sales will be phased out during the next five years...
...White House has been dropping hints that it is considering relaxing antitrust enforcement in order to help American industry compete more effectively with foreign rivals. U.S. businessmen have long argued that the antitrust laws put them at a disadvantage against foreign companies that, to win rich export orders, are free to form cartels and engage in reciprocal deals (You buy from me, and I'll buy from you). Government officials also worry about great foreign mergers that are creating companies equal in size to the largest U.S. firms...
...privilege of depositing money in Common Market banks, instead of collecting interest on those deposits. The Commission also suggests a double standard for exchange rates, such as Belgium recently adopted, and West Germany is now considering for its superstrong mark. There would be one rate for "current" transactions (mostly export-import deals and tourist spending); another rate, presumably less favorable to foreigners, would cover loans, investments and other transactions. This would be financial isolationism with a vengeance, and the double-exchange-rate system sounds like an administrative monstrosity...
...grounds around his family's Renaissance Château de Thoiry, he started out with a score of lions. Obviously French food and the sweeping savannas of the Ile-de-France region agreed with the animals. They proliferated so rapidly that the desperate viscount is now trying to export his surplus. To where? Where else? Africa...